Rico Auto Inds speeds up on plans of incorporating subsidiary as ‘Core Investment Company’

09 Dec 2014 Evaluate

Rico Auto Industries is currently trading at Rs. 47.20, up by 2.10 points or 4.66 % from its previous closing of Rs. 45.10 on the BSE.

The scrip opened at Rs. 45.00 and has touched a high and low of Rs. 48.35 and Rs. 44.15 respectively. So far 412225 shares were traded on the counter.

The BSE group 'B' stock of face value Re. 1 has touched a 52 week high of Rs. 50.35 on 05-Dec-2014 and a 52 week low of Rs. 6.21 on 11-Dec-2013.

Last one week high and low of the scrip stood at Rs. 50.35 and Rs. 41.20 respectively. The current market cap of the company is Rs. 641.93 crore.

The promoters holding in the company stood at 50.10 % while Non-Institutions held 49.89% of company’s stake.

Rico Auto Industries has received an approval to incorporate a subsidiary as Core Investment Company as part of its financial structuring for the purpose of holding investments in the group companies and carrying out other non-banking finance company (NBFC) business. The board of directors at their meeting held on December 08, 2014 has approved for the same.

Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.

Rico Auto Inds Share Price

85.61 1.60 (1.90%)
22-Nov-2024 16:59 View Price Chart
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