Thursday 23 June 2016

Mandhana Industries slumps 10%

The company announced that it was in the process of demerging the 'Being Human' retail business into a separate company — Mandhana Retail Ventures, says report.

Mandhana IndustriesMandhana Industries plunged 10% to Rs.144 on Thursday. Report says that the company announced that it was in the process of demerging the 'Being Human' retail business into a separate company — Mandhana Retail Ventures. 

The scrip opened at Rs. 144.2 and has touched a high and low of Rs. 144.2 and Rs. 144.2 respectively. So far 8793(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 530.75 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 345 on 22-Mar-2016 and a 52 week low of Rs. 160.2 on 22-Jun-2016. Last one week high and low of the scrip stood at Rs. 287 and Rs. 160.2 respectively.

The promoters holding in the company stood at 72.6% while Institutions and Non-Institutions held 5.7% and 21.5% respectively.


The stock is currently trading below its 50 DMA.

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