Stovec Industries shines on getting nod to collect carrier, spare components commercial enterprise from SPGPrints BV

Stovec Industries shines on getting nod to collect carrier, spare components commercial enterprise from SPGPrints BV

by admin- Tuesday, April 9th, 2019 04:19:26 PM

Stovec Industries is currently trading at Rs. 2451.00, up with the aid of 81.45 factors or 3.44% from its previous ultimate of Rs. 2369.55 on the BSE.

The scrip opened at Rs. 2409.00 and has touched a high and low of Rs. 2499.00 and Rs. 2409.00 respectively. So some distance 516 stocks were traded on the counter.

The BSE group ‘X’ stock of face cost Rs. 10 has touched a fifty two week high of Rs. 3237.00 on 26-Apr-2018 and a fifty two week low of Rs. 2211.00 on 23-Jul-2018.

Last one week high and occasional of the scrip stood at Rs. 2499.00 and Rs. 2352.00 respectively. The cutting-edge market cap of the agency is Rs. 511.Seventy seven crore.

The promoters preserving in the organization stood at 71.06%, at the same time as Institutions and Non-Institutions held 0.10% and 28.Eighty four% respectively.

Stovec Industries has received approval for the purchase of Service and Spare Parts Business regarding Rotary Printing Equipment, which incorporates Designs and Drawings, Customer and Supplier Database and different associated property, each of which bureaucracy an indispensable part of the Service and Spare Parts Business (Service and Spare Parts Business) from SPGPrints B.V., the Holding Company of the Company.

The rate for acquisition of Service and Spare Parts Business of SPGPrints is Euro 2.49 million (Equivalent to around Rs 19.Ninety crore). The Board of Directors of the Company at its meeting hung on April 05, 2019 has accredited the same.

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