SRS Real Infrastructure dips 3.9% after firm exits joint venture

The company said that it had decided to sell its entire shareholding in joint venture SRS Lotus Projects for a consideration of Rs.50 lakh. 

Apr 26, 2016 04:04 IST India Infoline News Service

Falling down business

SRS Real Infrastructure slipped 3.9% to Rs.11.75 on BSE. The company said that it had decided to sell its entire shareholding in joint venture SRS Lotus Projects for a consideration of Rs.50 lakh. 

The scrip opened at Rs. 11.85 and has touched a high and low of Rs. 12.6 and Rs. 11.5 respectively. So far 44479(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 491.69 crore.

The BSE group 'XC' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.75 on 02-Jun-2015 and a 52 week low of Rs. 10.66 on 21-Mar-2016. Last one week high and low of the scrip stood at Rs. 13.32 and Rs. 11.8 respectively.

The promoters holding in the company stood at 67.16 % while Institutions and Non-Institutions held 0 % and 32.84 % respectively.

The stock is currently trading below its 200 DMA.

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