Rico Auto is currently trading at Rs 10.00, up by 0.51 points or 5.37% from its previous closing of Rs 9.49 on the BSE.
The scrip opened at Rs 9.50 and has touched a high and low of Rs 10.55 and Rs 9.46 respectively. So far 61817 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 23.00 on 20-Dec-2010 and a 52 week low of Rs 9.26 on 12-Dec-2011.
Last one week high and low of the scrip stood at Rs 10.88 and Rs 9.26 respectively. The current market cap of the company is Rs 128.39 crore.
The promoters holding in the company stood at 50.10% while Institutions and Non-Institutions held 0.05% and 49.85% respectively.
Rico Auto Industries has sold the entire 4,75,680 fully paid-up equity shares of Rs 100 each of the Joint Venture (JV) and Subsidiary Company ‘KRP Auto Industries’ to the other JV partner Kailash Royal Premium Projects with whom JV agreement was signed on December 23, 2009.
The entire consideration of Rs 20.30 crore (including the amount of premium) towards the investment has been received by the company. Consequently, KRP Auto Industries has ceased to be subsidiary company with effect from December 12, 2011.
Rico Auto is a dynamic world-class engineering company, supplying a broad range of high precision fully machined ferrous and aluminium components and assemblies to automotive OEMs globally. The company enjoys an excellent reputation for our customer focus, quality and cost-competitiveness. Its engineering excellence, advanced design and development capabilities, strong customer relationships and proven scalability, have helped it become a preferred supplier to OEMs across the globe.
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