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Lactose India to consider allotment of equity shares

The company will allot the 4,20,000 Equity Shares on Conversion of 4,20,000 Convertible Warrants issued on a Preferential Basis.

February 08, 2016 10:11 IST | India Infoline News Service
Lactose India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 8. The company will allot the 4,20,000 Equity Shares on Conversion of 4,20,000 Convertible Warrants issued on a Preferential Basis.

Stock view:

Lactose (India) Ltd ended at Rs. 78.2, down by Rs. 0 or 0% from its previous closing of Rs. 78.2 on the BSE.

The scrip opened at Rs. 78.2 and touched a high and low of Rs. 78.2 and Rs. 78.2 respectively. A total of 9973(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 65.84 crore.

The BSE group 'XT' stock of face value Rs. 10 touched a 52 week high of Rs. 78.2 on 05-Feb-2016 and a 52 week low of Rs. 23.4 on 09-Feb-2015. Last one week high and low of the scrip stood at Rs. 78.2 and Rs. 78.2 respectively.

The promoters holding in the company stood at 38.06 % while Institutions and Non-Institutions held 0.93 % and 61.01 % respectively.

The stock traded below its 50 DMA.

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