Wednesday 7 August 2013

Yash Management & Satellite surges on buzz to receive Rs 1.73 crore from NSEL

Yash Management & Satellite is currently trading at Rs. 6.48, up by 0.69 points or 11.92% from its previous closing of Rs. 5.79 on the BSE.

The scrip opened at Rs. 6.48 and has touched a high and low of Rs. 6.48 and Rs. 6.48 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.05 on 05-Dec-2012 and a 52 week low of Rs. 5.26 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 6.99 and Rs. 5.26 respectively. The current market cap of the company is Rs. 6.29 crore.

The promoters holding in the company stood at 43.49% while Non-Institutions held 56.51%.

Yash Management & Satellite is set to receive a sum of Rs 1.73 crore of Pending Contract from The National Spot Exchange (NSEL) as on August 05, 2013.

There is payment crisis going on in NSEL as the exchange offered a pair of contracts for which settlement was due in two days and a second for which settlement was due in 25-50 days. This allowed speculators to make financial returns without actually taking physical possession of commodities.

Yash Management & Satellite is a finance and investment company; and has diversified into nano-technology research and consultancy services through its division called Yashnanotech.

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