Videocon Industries is currently trading at Rs. 168.35, up by 1.20 points or 0.72% from its previous closing of Rs. 167.15 on the BSE.
The scrip opened at Rs. 167.95 and has touched a high and low of Rs. 169.00 and Rs. 167.75 respectively. So far 1,168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 232.00 on 11-Jun-2013 and a 52 week low of Rs. 153.00 on 09-Dec-2013.
Last one week high and low of the scrip stood at Rs. 169.80 and Rs. 160.40 respectively. The current market cap of the company is Rs. 5,366.00 crore.
The promoters holding in the company stood at 68.82% while Institutions and Non-Institutions held 12.04% and 10.97% respectively.
Videocon Industries, part of the Videocon Group, is aiming to achieve Rs 1,000 crore turnover from its air conditioner (AC) business in 2014-15, annual increase of 33%, on the back of new product launches. Currently, the company has 32 models of split and window air conditioners in the price range of Rs 27,490 to Rs 37,440.
Moreover, the company is planning to achieve 15% market share this year and increase it to 20% in the next two years. The company is also planning to invest Rs 35 crore this year on marketing and promotion of its new range of air conditioners.
Videocon Industries, established two decades ago, is a global conglomerate with market capitalization of $2.5 billion. Videocon’s businesses’ consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
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