Kaveri Seed Company is currently trading at Rs. 1365.05, up by 19.85 points or 1.48% from its previous closing of Rs. 1345.20 on the BSE.
The scrip opened at Rs. 1377.00 and has touched a high and low of Rs. 1390.00 and Rs. 1365.05 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1491.00 on 16-Jan-2013 and a 52 week low of Rs. 519.60 on 28-Mar-2012.
Last one week high and low of the scrip stood at Rs. 1412.00 and Rs. 1300.00 respectively. The current market cap of the company is Rs. 1886.79 crore.
The promoters holding in the company stood at 64.96% while Institutions and Non-Institutions held 15.61% and 19.44% respectively.
Kaveri Seeds has received an approval to enter into a partnership firm in the name and style of ‘Aditya Agri Tech’. The board of directors at its meeting held on February 14, 2013 has approved for the same. The investment ratio of the firm shall be 70:30 i.e. the company’s investment will be 70% of the total investment in the firm for carrying the business of sale of all kinds of Cotton Seed.
The total investment involved is Rs 80.00 lakh which aggregates to 70% holding of the firm. The product profile of the said firm will exactly match with the company’s products and therefore, the proposal will be more beneficial to enhance the share in the seed market.
Besides, at present the company is carrying on business in two segments i.e. Seed Division and Microteck Division, out of the total turnover of the company only 10% is from the Microteck Division. The nature of business activity is also different from seed division.
Further, as a part of restructuring of operations for strengthening and enhancing the scope of the business of Microteck Division and to focus more attention on the above said division, the board has also approved to transfer the Microteck division to newly incorporated 100% subsidiary of the company. For this purpose, the board has proposed to incorporate 100% wholly owned subsidiary company namely Kaveri Microteck or such other name as may be approved by the Registrar of Companies, Andhra Pradesh.
| Company Name | CMP |
|---|---|
| Venkys India | 1690.60 |
| Mangalam Global Ent | 21.62 |
| Kaveri Seed | 822.10 |
| Harrisons Malayalam | 254.00 |
| Simran Farms | 206.05 |
| View more.. | |
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