Photoquip India hits 5% upper circuit

Photoquip India hit 5% upper circuit at Rs.29.10 on BSE. The company said in a notice to BSE that its board approved sale of the general lighting division of the company under the brand name Corvi to Corvi Led Pvt Ltd.

The scrip opened at Rs. 29.1 and has touched a high and low of Rs. 29.1 and Rs. 26.75 respectively. So far 6065(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 13.32 crore.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.15 on 29-Jan-2015 and a 52 week low of Rs. 20.2 on 04-Nov-2015. Last one week high and low of the scrip stood at Rs. 27.75 and Rs. 23.75 respectively.

The promoters holding in the company stood at 58.26 % while Institutions and Non-Institutions held 0.85 % and 40.89 % respectively.

The stock is currently trading below its 200 DMA.