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Permanent Magnets Ltd.

BSE: 504132 Sector: Engineering
NSE: PERMAGNET ISIN Code: INE418E01018
BSE 14:21 | 27 Jun 342.00 3.25
(0.96%)
OPEN

330.00

HIGH

344.75

LOW

330.00

NSE 05:30 | 01 Jan Permanent Magnets Ltd
OPEN 330.00
PREVIOUS CLOSE 338.75
VOLUME 1348
52-Week high 480.00
52-Week low 260.00
P/E 15.45
Mkt Cap.(Rs cr) 294
Buy Price 341.50
Buy Qty 20.00
Sell Price 342.00
Sell Qty 77.00
OPEN 330.00
CLOSE 338.75
VOLUME 1348
52-Week high 480.00
52-Week low 260.00
P/E 15.45
Mkt Cap.(Rs cr) 294
Buy Price 341.50
Buy Qty 20.00
Sell Price 342.00
Sell Qty 77.00

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.

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