Lenders led by ICICI Bank are now looking at investment in Gammon arms, as per media reports. The company experienced a spurt in volume by more than 1.51 times.
Bankers have reportedly already sold 74% in one subsidiary and are close to selling 74% in another subsidiary to a consortium of non-resident Indians. The company experienced a spurt in volume by more than 1.51 times.
The scrip opened at Rs. 19.3 and has touched a high and low of Rs. 20.5 and Rs. 18.5 respectively. So far 1328376(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 242.29 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30 on 05-Jan-2015 and a 52 week low of Rs. 10.75 on 10-Sep-2015. Last one week high and low of the scrip stood at Rs. 18.7 and Rs. 17.25 respectively.
The promoters holding in the company stood at 34.99 % while Institutions and Non-Institutions held 14.34 % and 50.68 % respectively.
The stock is currently trading below its 200 DMA.
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