Vardhman Steels | Oberoi Realty News today- Ripples Advisory

Vardhman Special Steels posts 11% decline in sales volume for Q4FY19

Vardhman Special Steels has registered a decline of 10.64% in its sales volume for the year ended March 31, 2019 at 34,363 tonnes, as against 38,455 tonnes in same period last year, mainly on account of a significant slowdown in automotive industry.

However, the company has reported sales volume for FY19 at 1,61,676 tonnes a Year on Year growth of 6.25%.

Vardhman Special Steels incorporates cutting-edge manufacturing technology, ensuring the highest levels of quality and compliance. Placed among the leading producers of Special and Alloy Steels, the company caters to diverse requirements of hot rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries.

Oberoi Realty gains on planning to raise fund via NCDs

Oberoi Realty is currently trading at Rs. 526.00, up by 2.10 points or 0.40% from its previous closing of Rs. 523.90 on the BSE.

The scrip opened at Rs. 519.90 and has touched a high and low of Rs. 532.00 and Rs. 502.95 respectively. So far 5773 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 607.00 on 15-Apr-2019 and a 52 week low of Rs. 351.75 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 532.00 and Rs. 490.50 respectively. The current market cap of the company is Rs. 19323.64 crore.

The promoters holding in the company stood at 67.70%, while Institutions and Non-Institutions held 29.77% and 2.53% respectively.

Oberoi Realty is planning to raise fund by various modes, including by issue of Non-Convertible Debentures (NCDs) (by way of private placement or otherwise), or any other securities, equity shares and / or any other securities convertible into equity (by way of one or more Qualified Institutions Placement).

The Board of Directors of the Company at its meeting to be held on May 10, 2019 to consider the same.

Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include Real estate and Hospitality.

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