Hester Biosciences slips 2%; to raise funds via QIP

The board of Hester Biosciences is to consider a proposal to raise funds through a qualified institutional placement (QIP) issue.

Jun 29, 2016 10:06 IST India Infoline News Service

Hester Biosciences
Hester Biosciences dropped 2% to Rs.750 on BSE. The board of Hester Biosciences to consider a proposal to raise funds through a qualified institutional placement (QIP) issue.

The scrip opened at Rs. 778 and touched a high and low of Rs. 787 and Rs. 732 respectively. A total of 17616(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 651.54 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 849 on 14-Jul-2015 and a 52 week low of Rs. 337 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 823.9 and Rs. 670.1 respectively.
The promoters holding in the company stood at 54.07 % while Institutions and Non-Institutions held 1.97 % and 43.97 % respectively.
The stock traded above its 50 DMA.

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