KPR Mill Board to consider Buy-back of Equity Shares

India Infoline News Service | Mumbai | November 30, 2016 16:11 IST

The company to consider the proposal for Buy-back of the fully paid-up equity shares of the Company in accordance with the applicable provisions of the law.

Stock Exchange
K.P.R. Mill Ltd has informed BSE that a meeting of Board of Directors of the company to consider the proposal for Buy-back of the fully paid-up equity shares of the Company in accordance with the applicable provisions of the law.

Further, in connection with the proposal for Buy-back of shares and in pursuance of the Code of Conduct adopted under SEBI (Prohibition of Insider Trading) Regulation 2015, the following period is to be treated as 'Trading Window Closure Period’ for all Directors and Designated Officers of the Company to deal in the Shares of the Company.

Stock Commentary:
K P R Mill Ltd ended at Rs 599.65, down by Rs 1.4 or 0.23% from its previous closing of Rs 601.05 on the BSE.
The scrip opened at Rs 610 and touched a high and low of Rs 622 and Rs 592.55 respectively. A total of 259787 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4529.86 crore.
The BSE group 'B' stock of face value Rs 5 touched a 52 week high of Rs 637 on 27-Sep-2016 and a 52 week low of Rs 310 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 614.9 and Rs 535 respectively.
The promoters holding in the company stood at 74.96 % while Institutions and Non-Institutions held 15.32 % and 9.72 % respectively.
The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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