Lypsa Gems falls 4.3%; BOD meet on Oct 21 to approve issue of 21 Lakh equity shares

India Infoline News Service | Mumbai | September 20, 201613:37 IST

The company to discuss and approve issue of 21 lakh equity shares of the Company at Rs.81 to strategic investor.

Lypsa Gems & Jewellery Ltd is currently trading at Rs. 60.1, down by Rs. 2.3 or 3.69% from its previous closing of Rs. 62.4 on the BSE. Lypsa Gems & Jewellery Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on October 21, 2016, inter alia, to discuss and approve issue of 21 lakh equity shares of the Company at Rs. 81 to strategic investors.

The scrip opened at Rs. 65.95 and has touched a high and low of Rs. 69 and Rs. 57.6 respectively. So far 727231(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 131.41 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.5 on 06-Jan-2016 and a 52 week low of Rs. 56.5 on 30-Aug-2016. Last one week high and low of the scrip stood at Rs. 66 and Rs. 59.5 respectively.

The promoters holding in the company stood at 36.04 % while Institutions and Non-Institutions held 0.85 % and 63.11 % respectively.

The stock is currently trading below its 200 DMA.

***Note: This is a NSE Chart



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