Mahindra Holidays down 2%

The Holiday Club Resorts Oy, Finland, step-down subsidiary of the Company, has increased its stake in Saimaa Gardens Arena Oy, Finland, ( SGA ), from 24% to 100% and consequently SGA became wholly owned subsidiary of HCR and in turn of the Company w.e.f. January 19, 2016.

Mahindra Holidays and Resorts India Ltd was down by 2% at Rs. 350.  The Holiday Club Resorts Oy, Finland, step-down subsidiary of the Company, has increased its stake in Saimaa Gardens Arena Oy, Finland, ( SGA ), from 24% to 100% and consequently SGA became wholly owned subsidiary of HCR and in turn of the Company w.e.f. January 19, 2016.

The scrip opened at Rs. 360 and has touched a high and low of Rs. 366 and Rs. 348.05 respectively. So far 25590(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3161.9 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 474.95 on 23-Dec-2015 and a 52 week low of Rs. 231.7 on 04-Jun-2015. Last one week high and low of the scrip stood at Rs. 391.8 and Rs. 350 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 13.09 % and 11.91 % respectively.

The stock is currently trading above its 50 DMA.