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Permanent Magnets Ltd.

BSE: 504132 Sector: Engineering
NSE: PERMAGNET ISIN Code: INE418E01018
BSE LIVE 14:53 | 25 Sep 60.50 -3.15
(-4.95%)
OPEN

64.00

HIGH

64.00

LOW

60.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 64.00
PREVIOUS CLOSE 63.65
VOLUME 2100
52-Week high 66.95
52-Week low 18.80
P/E 33.43
Mkt Cap.(Rs cr) 52
Buy Price 60.50
Buy Qty 47.00
Sell Price 64.00
Sell Qty 491.00
OPEN 64.00
CLOSE 63.65
VOLUME 2100
52-Week high 66.95
52-Week low 18.80
P/E 33.43
Mkt Cap.(Rs cr) 52
Buy Price 60.50
Buy Qty 47.00
Sell Price 64.00
Sell Qty 491.00

Permanent Magnets Ltd. (PERMAGNET) - Company History

Permanent Magnets (PML) was incorporated in 1960. It is currently being managed by Shreeram Taparia, chairman and Shyam Sunder Taparia, managing director. In Jan.'91, the company came out with a rights issue of 0.77 lac equity shares of Rs.100 at par, aggregating Rs.77.49 lac on a 1:1 basis, to finance capital expenditure and meet long-term working capital requirements. PML produces two types of magnets -- cast alloy permanent magnets and hard ferrite magnets. The company exports its products to the US, the UK, Germany, Italy and Egypt. PML was declared sick in 1989-90 but it started making profits since 1990-91. During the year 1999-2000, the Jalgaon plant was closed on account of labour problem.