Pioneer Distilleries plunges 5%, to close Nanded unit

United Spirits arm, said it will close down its plant in Nanded, Maharashtra due to water scarcity.

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

Pioneer Distilleries Ltd ended 5% lower to Rs.116.40 on reports that an arm of United Spirits, said it will close down its plant in Nanded, Maharashtra due to water scarcity. 

The scrip opened at Rs. 116.4 and touched a high and low of Rs. 116.4 and Rs. 116.4 respectively. A total of 4253(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 164.03 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 385 on 05-Jan-2016 and a 52 week low of Rs. 66.1 on 12-Jun-2015. Last one week high and low of the scrip stood at Rs. 150 and Rs. 118 respectively.
The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 0.75 % and 24.25 % respectively.
The stock traded above its 50 DMA.

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