Thursday, 14 July 2016

Godrej Industries up 2%; plans Rs. 600 crore investment in 2 group firms

The company is planning to invest Rs 600 crore in its two group companies – Godrej Properties and Godrej Agrovet – through subscription/purchase of shares, says report.

Godrej-Industries1Godrej Industries stock was up by 2% to Rs. 413. Report says that the company is planning to invest Rs 600 crore in its two group companies – Godrej Properties and Godrej Agrovet – through subscription/purchase of shares.

The scrip opened at Rs. 411.5 and has touched a high and low of Rs. 418.3 and Rs. 408 respectively. So far 254791(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13699.38 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.8 on 12-Jul-2016 and a 52 week low of Rs. 290.35 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 415.8 and Rs. 399.05 respectively.

The promoters holding in the company stood at 74.81 % while Institutions and Non-Institutions held 17.43 % and 7.77 % respectively.

The stock is currently trading above its 50 DMA.

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