Videocon Industries moves up on getting nod to raise up to Rs 5,000 crore

02 Dec 2013 Evaluate

Videocon Industries is currently trading at Rs. 170.35, up by 0.05 points or 0.03% from its previous closing of Rs. 170.30 on the BSE.

The scrip opened at Rs. 171.85 and has touched a high and low of Rs. 172.30 and Rs. 169.65 respectively. So far 17185 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.25 on 03-Dec-2012 and a 52 week low of Rs. 163.75 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 172.50 and Rs. 167.80 respectively. The current market cap of the company is Rs. 5435.06 crore.

The promoters holding in the company stood at 68.82% while Institutions and Non-Institutions held 12.15% and 10.86% respectively.

Videocon Industries has received an approval to issue equity shares or any other convertible instruments for an amount not exceeding Rs 5,000 crore, at an appropriate time, by way of Follow on Issue, Private Placement basis, Qualified Institutional Placement basis, American Depository Receipts (ADRs), Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or any other mode or mechanism, subject to necessary approval and consent. The board of directors at its meeting held on November 29, 2013 has approved for the same.

Videocon Industries, established two decades ago, is a global conglomerate whose business consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

The company has reported a rise of 32.50% its net profit at Rs 20.18 crore for the third quarter ended September 30, 2013 as compared to Rs 15.23 crore for the same quarter in the previous year. Total income of the company has increased by 10.24% at Rs 3359.59 crore for quarter under review as compared to Rs 3047.59 crore for the quarter ended September 30, 2012.

Videocon Inds. Share Price

7.25 0.00 (0.00%)
15-Jun-2021 18:01 View Price Chart
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