The proposed demerger plan of the consumer products business will come into effect from today, says report.
Shares of Crompton Greaves crashed 72% at Rs. 43. Report says that the proposed demerger plan of the consumer products business came into effect from today.
Last year, Crompton Greaves’ Board approved demerger of its consumer products business into a separate listed company, Crompton Greaves Consumer Electricals Ltd.
Last year, Crompton Greaves’ Board approved demerger of its consumer products business into a separate listed company, Crompton Greaves Consumer Electricals Ltd.
The scrip opened at Rs. 53.7 and has touched a high and low of Rs. 53.7 and Rs. 40.5 respectively. So far
33213572(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9714.57 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 203.5 on 05-Jan-2016 and a 52 week low of Rs. 113.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 159.8 and Rs. 137.45 respectively.
The promoters holding in the company stood at 34.38 % while Institutions and Non-Institutions held 49.1 % and 16.38 % respectively.
The stock is currently trading above its 200 DMA.
No comments:
Post a Comment