Saraswati Industrial Syndicate shares zoom 9 percent

By SiliconIndia   |   Wednesday, December 30, 2009
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Bangalore: On a flat day, Saraswati Industrial Syndicate ended the trading among top gainers with gains of 8.68 percent (Rs.96.35). The company opened its account today at positive note, and touched the 52-week value of Rs.1,203 in the later part of trading. Overall, 7,724 shares were traded throughout the day with a current P/E ratio at 51.02. The Saraswati Industrial Syndicate is an India-based company. The company is organized into two main business segments: sugar, which consists of manufacture and sale of sugar, and engineering, which comprises of production and sales of heavy engineering equipments, mechanical and hydraulic presses and castings and construction, and erection of plant and machinery. Its product portfolio includes pressure vessels and heat exchangers, presses, boilers, steel castings, sugar plants and machinery, iron casings and liquefied gas container. The company's subsidiaries include Saraswati Sugar Mills, ISGEC Covema, ISGEC Exports and ISGEC Engineering & Projects. Other manufacturing companies also ended the trading in green zone, with GEI Industrial Systems, Alfa Laval (India), Sunil Hitech Engineers and Thermax moving up 3.76, 0.7, 3.41 and 1.07 percent respectively.
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