Zenotech Laboratories is currently trading at its upper circuit limit of Rs. 39.95, up by 1.90 points or 4.99% from its previous closing of Rs. 38.05 on the BSE.
The scrip opened at Rs. 39.95 and has touched a high and low of Rs. 39.95 and Rs. 39.95 respectively. So far 1225 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.45 on 07-Jan-2016 and a 52 week low of Rs. 30.05 on 17-Jun-2015.
Last one week high and low of the scrip stood at Rs. 39.95 and Rs. 33.45 respectively. The current market cap of the company is Rs. 137.54 crore.
The promoters holding in the company stood at 66.85% while Institutions and Non-Institutions held 0.01% and 33.14% respectively.
Zenotech Laboratories has decided to raise funds through a rights issue to its existing shareholders. The company's Board of Directors have considered and approved the raising of funds by way of offer and issue of equity shares to the existing shareholders of the company on a rights basis. The Board has constituted a Committee of Directors (the Committee) for the said purpose and has authorised the Committee to determine the terms of the Rights Issue including the quantum of issue, rights entitlement ratio, issue price, issue size, book closure or record date, entitlement, timing of the issue, etc., in consultation with the Lead Manager to the Right Issue and to decide all other matters relating to the Right Issue.
The said proposal to issue of shares shall be subject to necessary approvals, confirmations and consents as may be necessary and in compliance with applicable law including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and the Companies Act, 2013 and the Rules made there under.
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| Lupin | 2147.55 |
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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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