Small-cap inventory beneath ₹5: GG Engineering shares are one of many newsmaker scrips in inventory market immediately. The penny inventory has attracted overseas institutional investor’s consideration as Mauritius-based FII Vikas International Fund PCC has purchased contemporary stake within the small-cap inventory priced beneath ₹5. The FII purchased 45 lakh firm shares paying ₹1.40 per share. The handshake was executed in a bulk deal executed on ninth August 2023. Particulars of this bulk deal is on the market on BSE web site.
BSE bulk deal element
As per the data obtainable on BSE web site underneath bulk offers class, the Mauritius-based FII has purchased 45 lakh GG Engineering shares at a value of ₹1.40 per share. This implies, the FII has pumped ₹63 lakh within the penny inventory, which has a market cap of round ₹108 crore. Nonetheless, detrimental sentiments on Dalal Road failed to spice up the morale of inventory market bulls in regard to this penny inventory because the inventory is buying and selling round 14 per cent decrease from its yesterday’s shut.
GG Engineering Ltd was in information just lately for receiving ₹21 crore order for supplying iron uncooked supplies to outstanding industrial homes. the small-cap firm knowledgeable BSE in regards to the order citing, “G.G. Engineering Restricted is glad to announce having received orders valued Rs. 210 million for supplying Iron Uncooked Materials to outstanding Industrial homes of reputation consuming metal as the first Uncooked Materials. The corporate might be finishing these provides inside subsequent 30‐45 days and is anticipating extra orders as nicely for Q3 of the present monetary 12 months.”
The small-cap penny inventory beneath ₹5 was in information just lately for issuance of Rights Difficulty. The small-cap firm had proposed rights provide at Re 1 per share.
GG Engineering shares can be found for commerce on BSE solely. Its present market cap is round ₹108 crore and its present commerce quantity is round 8.95 crore and round three hours of commerce continues to be left immediately. Its 52-week excessive is ₹3.16 per share whereas its 52-week low is ₹0.74 per share.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to examine with licensed specialists earlier than taking any funding selections.
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Up to date: 10 Aug 2023, 12:57 PM IST
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