Ashoka Metcast Ltd Performance
Open
20.5
Traded Value (Cr)
99.50 K
Prev. Close
20.5
VWAP
20.16
Volume
12,385
Face Value
10
Ashoka Metcast Ltd Fundamentals
Ashoka Metcast Ltd Financials
Resistance and Support
₹19.98
PIVOT
 Resistance | |
|---|---|
| First Resistance | ₹20.267 |
| Second Resistance | ₹20.433 |
| Third Resistance | ₹20.717 |
 Support | |
|---|---|
| First Resistance | ₹19.817 |
| Second Resistance | ₹19.533 |
| Third Resistance | ₹19.367 |
| RSI | 60.258 |
| MACD | -0.335 |
| ADX | 23.764 |
| CCI | 78.487 |
Delivery and Volume
About Ashoka Metcast Ltd
Ashoka Metcast Limited was incorporated as 'Tanya Estate Private Limited' on July 29, 2009. The company had in its earlier years began to develop real estate, infrastructure and land plotting vertical; however; due to unforeseen circumstances and changes in market dynamics the real estate business division faced delays in execution of its plans and eventually could not complete the proposed acquisition and related plans. Hence the company was thereafter non-operative for since incorporation and has been over time looking to re-align its business model and financial allocations. The Company has changed its main objects on July 20,2017 and the name was changed to 'Ashoka Metcast Private Limited' on September 13, 2017. Further the status of the company was changed to a public limited company by a special resolution passed at a shareholders' meeting on October 23, 2017 and consequently name of the Company was changed to 'Ashoka Metcast Limited' on November 09, 2017. The company is currently engaged in trading and manufacturing of structural steel products like TMT bars, angles, channels, MS Bars etc. Further the company has recently acquired 100% stake in Shree Ghantakarna Rolling Mills Pvt. Ltd. (making it its wholly owned subsidiary company). The subsidiary company owns a rolling mill having aggregate installed capacity of 12,000 tons; however the same has been non-operational for 16 years due to internal financial constraints as well as market conditions. Post acquisition the company has begun the process of revamping as well as expanding its production facilities and intend to begin its production in April 2018 with an aggregate installed capacity of 18,000 tons per annum.
Managing Director
Ashok C Shah
Founded
2009
NSE Symbol
ASHOKAMET
Ashoka Metcast Ltd Management
| Name | Designation |
|---|---|
| Shalin A Shah | Non Executive Director |
| Ashok C Shah | Managing Director |
| Daxaben M. Shah | Non-Exec. & Independent Dir. |
| Twinkle Kishorbhai | Non-Exec. & Independent Dir. |
| Anchal Nareshkumar Bansal | Company Sec. & Compli. Officer |
| Rushabh Shah | Additional Director |
| Hitesh Donga | Additional Director |