Afloat Enterprises Ltd (ADISHAKTI.BO)
Afloat Enterprises Ltd operates in the Steel industry of the Basic Materials sector, headquartered in New Delhi, DE, IN. The stock last traded at $6.84, up 1.94% on the session, giving a market capitalisation of $85.9M. Its beta of -0.70 implies it has historically moved less than the broad market.
Afloat Enterprises Ltd, established in 2015 and headquartered in New Delhi, India, predominantly operates within the domestic market for iron and steel. The company manages the full spectrum of these products, including their manufacture, sourcing, processing, purchase, sale, and general trading. Beyond ferrous metals, its portfolio extends to precious metals like diamonds and gold, along with a range of specialized metallic items such as tin plates, ETP sheets, TFS, various steel types (mild, carbon, and stainless), and metal scraps. Furthermore, Afloat Enterprises engages in both domestic and international trade of agricultural commodities, encompassing products like wheat, rice, paddy, corn, and oils. The company rebranded to its current name, Afloat Enterprises Limited, in October 2023, having formerly been known as Adishakti Loha and Ispat Limited.
Afloat Enterprises Ltd is most often compared with the following Basic Materials names: