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17-Aug2016

Delta Magnets touches the roof as its arm acquires 100% stake in UK based Pilamec

Delta Magnets is currently trading at Rs. 26.40, up by 1.25 points or 4.97% from its previous closing of Rs. 25.15 on the BSE.

The scrip opened at Rs. 26.40 and has touched a high and low of Rs. 26.40 and Rs. 26.40 respectively. So far 249 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.75 on 24-Aug-2015 and a 52 week low of Rs. 23.50 on 05-May-2016.

Last one week high and low of the scrip stood at Rs. 27.55 and Rs. 23.75 respectively. The current market cap of the company is Rs. 17.08 crore.

The promoters holding in the company stood at 72.15%, while institutions and non-institutions held 0.14% and 27.71% respectively.

Delta Magnets' wholly owned foreign subsidiary - MagDev, UK, has acquired 100% stake of Pilamec, UK, which offer a wide range of chemicals, metals and ceramic products.

MagDev specialize in supplying permanent magnets, magnetic assemblies and soft ferrite cores in various shapes, sizes and grades, with magnetic properties tuned to specific applications.

Delta Magnets is a leading hard ferrite magnet (Anisotropic & Isotropic ) manufacturer based in India. By value it manufactures 98% anisotropic & 2% of isotropic.


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