Kaveri Seed jumps 12%

The company experienced a spurt in volumes by more than 5.19 times. The stock has hit upper circuit at Rs.391.45 on BSE.

Mar 04, 2016 07:03 IST India Infoline News Service

Kaveri Seed Company
Kaveri Seed Company jumped 12% to Rs.398.45 on BSE. According to TV report, Govt panel is said to have proposed a big cut in BT cotton tech fee and royalty. The company experienced a spurt in volumes by more than 5.19 times. The stock has hit upper circuit at Rs.391.45.

The scrip opened at Rs. 360 and has touched a high and low of Rs. 408.35 and Rs. 360 respectively. So far 2708078(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2457.67 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1077 on 20-Mar-2015 and a 52 week low of Rs. 300 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 369 and Rs. 335 respectively.

The promoters holding in the company stood at 57.49 % while Institutions and Non-Institutions held 23.96 % and 18.55 % respectively.

The stock is currently trading below its 200 DMA.

Related Story