Shares of Shri Bajrang Alliance zooms on forming partnership with Nestle India

About the partnership 

Shri Bajrang Alliance has formed a strategic partnership as an approved Co-manufacturer with Nestle India for several food items. This strategic collaboration signifies a significant step forward in its commitment to enhancing operational capabilities, expanding product offerings and creating long-term value for its shareholdeRs The partnership with Nestle India, a renowned leader in the food and beverage industry, is expected to bring synergies that will benefit both companies and contribute to the growth of the food sector.

The Approved Co-Manufacturer status with Nestle India enables it to leverage their expertise, technological advancements and established market presence. This collaboration aligns with its strategic objectives to strengthen its position in the market and meet the evolving needs of its consumers.

Share Price Movement 

Shri Bajrang Alliance is currently trading at Rs 339, up by 44.05 points or 14.93% from its previous closing of Rs 294.95 on the BSE. The scrip opened at Rs 325.00 and has touched a high and low of Rs 349.45 and Rs 320, respectively. So far 16,2201 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs 10 has touched a 52-week high of Rs 349.45 and a 52-week low of Rs 131.20. Last one week high and low of the scrip stood at Rs 349.45 and Rs 215, respectively. The current market cap of the company is Rs 308.70 crore. The promoters holding in the company stood at 63.97%, while Non-Institutions held 36.03% stake in the company.

About Company 

Shri Bajrang Alloys is a major structural rolling mill in Madhya Pradesh, renowned for its high-quality products. The company, which spans 33 acres, uses modern technology and advanced machinery to produce high-quality end-products. The board of directors is well-qualified and experienced, with a strong financial background and good market reputation. The company employs skilled engineering professionals with expertise in productivity and quality control. Bajrang Alloys also provides in-house training for un-skilled personnel. The company offers a range of beams, channels, angles, and H beams.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.