CCI approval! JBF Industries jumps 4.8%

CCI has approved acquisition of certain CCPS of JBF Global by KKR credit, as per media reports

JBF Industries jumped 4.8% to Rs. 229 on BSE. According to media reports, CCI has approved acquisition of certain CCPS of JBF Global by KKR credit. 

The scrip opened at Rs. 219.95 and has touched a high and low of Rs. 236 and Rs. 216.15 respectively. So far 934,337 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1430.14 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 318.4 on 31-Jul-2015 and a 52 week low of Rs. 185.1 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 227.55 and Rs. 207.1 respectively.

The promoters holding in the company stood at 53.94 % while Institutions and Non-Institutions held 17.47 % and 28.59 % respectively.

The stock is currently trading below its 200 DMA.