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Innoventive Industries surges on getting nod for debt restructuring

03 Jul 2014 Evaluate

Innoventive Industries is currently trading at Rs. 23.70, up by 0.85 points or 3.72% from its previous closing of Rs. 22.85 on the NSE.

The scrip opened at Rs. 23.85 and has touched a high and low of Rs 23.85 and Rs 23.50 respectively. So far 5,302 shares were traded on the counter.

The stock of face value Rs 10 has touched a 52 week high of Rs. 75.90 on 02-July-2014 and a 52 week low of Rs. 9.35 on 28-Oct-2013.

Innoventive Industries has received an approval whereby the Corporate Debt Restructuring - Empowered Group (CDR-EG) at its meeting held on June 28, 2014 has approved the proposal of Corporate Debt Restructuring of the company.

Innoventive Industries manufactures precision steel tubes, membrane panel strips, auto components, oil well drilling couplings, pup joints and other precision steel products catering to applications in diverse sectors such as transportation, boilers & heat exchangers, energy, oil & gas, farm equipment & general engineering.

 

Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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