This is a major boost for company’s structure division and justify ongoing capex of Rs. 30 cr. Railway is one of the key focus sector of Good luck’s future vision, M C Garg said,
Indian Railway, one of the world’s largest network, is in big ticket expansion mode with planned Dedicated Freight Corridors (DFCs) of approx. 6200 kms and upgrade feeder route to DFCs of approx. 6000kms. Further, Railway plan to convert all railway crossings to Railway Over bridges (ROBs) is offering approx. 3mn. metric ton capacity of fabricated bridge.
M C Garg, Chairman said, “This is a major boost for company’s structure division and justify ongoing capex of Rs. 30 cr. Railway is one of the key focus sector of Good luck’s future vision. This approval is likely to give wings to achieve our target.” The Company is visualizing a huge scope of its products such as CDW tubes, forging, structure fabricated items in the Expansion of Railway Infrastructure. The Company is eying a good amount of share from different railway projects. Good Luck has already got entry in LHB coach parts & HTM, motor shaft in Electric loco engines.
Goodluck Steel Tubes Ltd is currently trading at Rs. 100, up by Rs. 3.7 or 3.84% from its previous closing of Rs. 96.3 on the BSE.
The scrip opened at Rs. 96.1 and has touched a high and low of Rs. 101 and Rs. 96 respectively. So far 208081(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 211.92 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 117.85 on 15-Jul-2015 and a 52 week low of Rs. 64.9 on 24-Dec-2014. Last one week high and low of the scrip stood at Rs. 98.8 and Rs. 92.6 respectively.
The promoters holding in the company stood at 60.46 % while Institutions and Non-Institutions held 0.17 % and 39.37 % respectively.
The stock is currently trading below its 50 DMA.
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