OTHER GROUP COMPANIES
market

Emco surges by 10% on reports of stake sales

The share prices of electric equipment maker, Emco starkly rose over 10% in Monday’s intraday trade on media reports stating that an Asia-focused investment firm, SSG Capital Management is interested in purchasing stakes in the company.

August 28, 2017 3:38 IST | India Infoline News Service
The share prices of electric equipment maker, Emco starkly rose over 10% in Monday’s intraday trade on media reports stating that an Asia-focused investment firm, SSG Capital Management is interested in purchasing stakes in the company.     
  
The stock price of Emco increased by 10.3% to hit an intraday high of Rs 18.75 on BSE.

Emco is a small-cap company incorporated in the year 1964. The company has a market capitalisation of over Rs 100 crore. The company had reported standalone sales of Rs 124.61 crore for the first quarter of the fiscal year 2018, down by 38% as compared to the same quarter in the previous fiscal year.  However, the company had also reported a loss of Rs 15.27 crore in the corresponding period of FY18.

As of the end of the June quarter, Emco promoters including Rajesh Jain and his family members held a total of 45.33% stake in the company, whereas, institutions and non-institutions held 2.2% and 52.4% stake in the company.     

OPEN A DEMAT ACCOUNT & Get FREE Benefits worth 10,000

OPEN A DEMAT ACCOUNT & Get
FREE Benefits worth 10,000

STOCK VIEW

PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

FEATURED ARTICLE

BLOGS

Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity