Prime Urban Development India is locked at its upper circuit limit at Rs. 11.02, up by 0.52 points or 4.95% from its previous closing of Rs. 10.50 on the BSE.
The scrip opened at Rs. 11.02 and has touched a high and low of Rs. 11.02 and Rs. 11.02 respectively. So far 100 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.27 on 27-Jun-2011 and a 52 week low of Rs. 10.00 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 10.50 and Rs. 10.50 respectively. The current market cap of the company is Rs. 25.06 crore.
The promoters holding in the company stood at 62.46% while Institutions and Non-Institutions held 0.11% and 37.43% respectively.
Prime Urban Development India has received an approval for disinvestment of 100% shares held by the company in its wholly owned subsidiary (WOS) - Prime Hometex Industries (India). The company will identify the purchaser, negotiate the terms of sale etc and on transfer of the entire shares, Prime Hometex Industries (India) will cease to be a subsidiary company.
The company is looking to divest its stake in its subsidiary due to depressed conditions in the home textiles market and the company was unable to make further progress in this project. Further, the investment in the said subsidiary was also not remunerative. The board by way of circular resolution at its meeting held on January 11, 2012 has accorded their consent for the same.
Prime Hometex Industries (India) was incorporated in 2006, for pursing the project for manufacturer of Home textile products.
| Company Name | CMP |
|---|---|
| PDS | 505.25 |
| Welspun Living | 149.65 |
| Vardhman Textiles | 453.95 |
| Arvind | 342.60 |
| K.P.R. Mill | 918.25 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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