Puffing gains! Golden Tobacco rises 2.2%

The company said that the Madras HC vide its order on Dec 7 vacated its Interim Injection order passed on October 01, 2015 on production and Sales of one of the major Brands of the Company (i.e. Golden’s Gold Flake), in the matter of ITC Vs. Golden Tobacc

Golden Tobacco Ltd gained 2.2% to Rs.48.85 on BSE. The company said that the Hon'ble Madras High Court vide its order dated December 7 (copy received on December 16, 2015) vacated its Interim Injection order passed on October 01, 2015 on production and Sales of one of the major Brands of the Company (i.e. Golden’s Gold Flake), in the matter of ITC (applicant) Vs. Golden Tobacco Limited (respondent).
The Applications being O. A. Nos.1067 to 1071 of 2015 filed by ITC dismissed by the Hon’ble High Court of Madras vide its Order dated December 07, 2015 (received on December 16, 2015).

The scrip opened at Rs. 50 and has touched a high and low of Rs. 50.9 and Rs. 48.5 respectively. So far 41262(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 84.18 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 64 on 30-Dec-2014 and a 52 week low of Rs. 33.1 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 53.7 and Rs. 44 respectively.

The promoters holding in the company stood at 26.02 % while Institutions and Non-Institutions held 0.25 % and 73.74 % respectively.

The stock is currently trading below its 50 DMA.