Hindustan Dorr-Oliver is currently trading at Rs. 35.50, up by 0.45 points or 1.28% from its previous closing of Rs. 35.05 on the BSE.
The scrip opened at Rs. 35.45 and has touched a high and low of Rs. 37.00 and Rs. 35.05 respectively. So far 73797 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.00 on 08-Apr-2011 and a 52 week low of Rs. 22.80 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 37.00 and Rs. 31.25 respectively. The current market cap of the company is Rs. 257.42 crore.
The promoters holding in the company stood at 55.28% while Institutions and Non-Institutions held 15.89% and 28.83% respectively.
Hindustan Dorr-Oliver (HDO), part of the IVRCL group with interests in multiple engineering solutions, including industrial sectors such as mineral, metals, water management, fertilisers and cement, is mulling to demerge its manufacturing division into HDO Technologies. Further, the company's hive-off proposal is apparently to embark on a joint venture with a foreign partner to manufacture high-end equipment mainly for nuclear power, mining and petrochemical sectors.
At present, HDO has manufacturing and fabrication facilities at Ahmedabad in Gujarat and Sheffield in the UK. It intends to set up a third production facility near Pune in collaboration with an international company for establishing a leadership position in manufacturing in the global market.
Meanwhile, a court-convened meeting is being held on March 30 to get shareholder's approval for the demerger resolution. However, the company has not undertaken any valuation from an independent valuer nor sought a fairness opinion, as is the norm for corporate restructuring of this nature.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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