| Feb 08, 2013 10:37 Hrs IST |
Shree
Ganesh Jewellery is currently trading at Rs. 116.35, up by 2.15 points
or 1.88% from its previous closing of Rs. 114.20 on the BSE.
The
scrip opened at Rs. 115.65 and has touched a high and low of Rs. 123.80
and Rs. 115.65 respectively. So far 59371 shares were traded on the
counter.
The BSE group 'B' stock of face value Rs.
10 has touched a 52 week high of Rs. 139.50 on 09-Jan-2013 and a 52
week low of Rs. 65.20 on 07-May-2012.
Last one
week high and low of the scrip stood at Rs. 115.85 and Rs. 110.00
respectively. The current market cap of the company is Rs. 706.95 crore.
The
promoters holding in the company stood at 70.66% while Institutions and
Non-Institutions held 14.73% and 14.61% respectively.
Shree
Ganesh Jewellery House would be issuing 1 crore equity shares of Rs 10
each on preferential basis to promoters at a price of Rs 150 a share.
The company plans to utilize these funds to enhance the long-term
financial resources of the company, which will enable it to improve its
operating performance. The proceeds will also be utilized for making
investment in shares and securities, providing loan and advances and for
repayment of borrowings. The company has already sought shareholders’
nod for increasing the authorised share capital to around Rs 195 crore
from Rs 150 crore.
Shree Ganesh Jewellery House is
one of the largest manufacturers and exporters of handcrafted gold
jewellery in India. Its products include handcrafted and hallmarked
gold jewellery, gold enameled jewellery and gold jewellery studded with
precious stones such as diamonds, rubies, emeralds, sapphires, pearls,
etc. and semi-precious stones such as garnet, cubic zirconium, etc.
|
Friday, 8 February 2013
Shree Ganesh Jewellery surges on plans to issue 1 crore equity shares to promoters
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