DCM hits 20% upper circuit; Board approves business restructuring plan

India Infoline News Service | Mumbai | October 17, 2016 16:55 IST

The Board at its meeting held on October 15, 2016 approved the de-merger of the real estate undertaking of DCM and merging it into DCM Realty and Infrastructure.

DCM Ltd hit 20% upper circuit on the BSE after the Board approved the restructuring of its business including demerger of its real estate business. The Board at its meeting held on October 15, 2016 approved the de-merger of real estate undertaking of DCM and merging it into DCM Realty and Infrastructure.

The scrip opened at Rs 100.75 and has touched a high and low of Rs 117.35 and Rs 100.75 respectively. So far 1432082 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 182.67 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 107.4 on 02-May-2016 and a 52 week low of Rs 65.65 on 24-Feb-2016. Last one week high and low of the scrip stood at Rs 100 and Rs 90.85 respectively.

The promoters holding in the company stood at 48.54 % while Institutions and Non-Institutions held 8.48 % and 42.98 % respectively.

The stock is currently trading above its 100 DMA.
BSE 105.90 1.35 (1.29%)

***Note: This is a NSE Chart

 

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