What Industries are in Tega?
Tega Industries Ltd. is an Indian corporation, headquartered in Kolkata….Tega Industries Ltd.
|Headquarters||Kolkata , India|
|Products||Mill liners, Hydrocyclones, Wear Products, Chutes, Conveyor Components, Screening products|
Is Tega Industries Debt Free?
The company is net debt free as of June 2021.
What do Tega Industries do?
Tega Industries, which manufactures and distributes specialised ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry, will float a public issue on December 1.
Is Tega Industries good for long term?
Speaking on Tega Industries share price outlook; Ravi Singhal, Vice Chairman at GCL Securities said, “Long-term investors can hold Tega Industries shares whereas those who applied for the IPO keeping short-term perspective, they can book 60 per cent profit and keep the rest 40 per cent maintaining trailing stop loss at …
Is Tega Industries a good investment?
New Delhi: Shares of Tega Industries made a strong debut on the bourses over its issue price of Rs 453, rewarding IPO investors handsomely. The scrip was listed at Rs 760 on the National Stock Exchange (NSE), a premium of 68 per cent over its issue price.
Can I buy Tega Industries share?
Those who missed to get Tega Industries shares during allotment process are advised to buy at current levels for 3-6 month target of ₹840 keeping stop loss at ₹680 per share levels.”
Should I take Tega Industries IPO?
The brokerage recommends subscribing to the Tega Industries IPO, and is positive on the company’s strong fundamentals. At the upper end of the price band, the issue is priced at a price-to-earnings ratio of 22 times on FY21 EPS, according to Choice.
Will Tega Industries go up?
Initially priced at ₹453 each, the issue gained 66 per cent and was listed at ₹760. The company might perform much better going forward if this momentum continues. New investors can wait for a dip to buy, while long-term investors should hold this stock.
What is grey market price?
Grey market premium is nothing but the price at which the shares are being traded in the grey market. For instance, let’s assume the issue price for stock X is Rs 200. If the grey market premium is Rs 400, it means that people are ready to buy the shares of company X for Rs 600; (i.e. 200+400).
Is Tega IPO profitable?
The net profit for FY19 stood at Rs 32.67 crore. For the first quarter of FY22 ended on June 30, 2021, it has earned a net profit of Rs 11.88 crore on a turnover of Rs 179.39 crore. Most brokerages have assigned ‘subscribe’ rating to the Tega IPO.
Why did Tega Industries share today?
Market cap of the firm stood at Rs 4,503 crore on NSE. The share opened 1.66% lower at Rs 713.95. Shares of Tega Industries fell over 8% in trade today a day after the mining industry player made a stellar debut on bourses. The stock fell 7.98% to Rs 667.55 against the previous close of Rs 725.50 on BSE.
Why choose Tega Industries?
Established in 1976, Tega Industries Limited is one of the leading manufacturer of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry.
When was the last AGM of Tega Industries Limited?
The last reported AGM (Annual General Meeting) of Tega Industries Limited, per our records, was held on 29 September, 2021. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021.
Who is the current CEO of Tega group?
The Tega Board of Directors in a meeting held on August 19th , 2016, unanimously approved the appointment of Mr. Mehul Mohanka, as the “Managing Director & Group CEO” of the Tega Group of companies. Mine Expo is the largest Mining Show on earth in every 4 Years,MINE Expo International is the place for everything mining.
What is the difference between Tega townhall and Electra mining?
Tega Townhall is an annual event which was held on 4th November 2016. The leaders discussed on their respective topics about the current scenarios and future strategies to move ahead. Electra Mining is a premier showcase event through which various manufacturers launch their existing and new products and services.