Lokesh Machines to consider conversion warrants of equity shares

India Infoline News Service | Mumbai | September 20, 201610:12 IST

The Board of Directors of the Company will be held on September 20, to consider the conversion of 7,70,344 Warrants of Equity Shares.

Dalal Street
Lokesh Machines Ltd is currently trading at Rs. 78.4, up by Rs. 1.45 or 1.88% from its previous closing of Rs. 76.95 on the BSE.

Lokesh Machines Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, to consider the conversion of 7,70,344 Warrants of Equity Shares.

The scrip opened at Rs. 78 and has touched a high and low of Rs. 78.9 and Rs. 77 respectively. So far 326(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 122.09 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.4 on 02-Dec-2015 and a 52 week low of Rs. 60.05 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 80.65 and Rs. 76.5 respectively.

The promoters holding in the company stood at 50.64 % while Institutions and Non-Institutions held 2.33 % and 47.03 % respectively.

The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart

 

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