Luminaire Technologies gains on entering into alliance with Jagran Entertainment Media

13 Oct 2014 Evaluate

Luminaire Technologies is currently trading at Rs. 5.81, up by 0.02 points or 0.35% from its previous closing of Rs. 5.79 on the BSE.

The scrip opened at Rs. 5.80 and has touched a high and low of Rs. 5.95 and Rs. 5.51 respectively. So far 623192 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 53.70 on 28-Oct-2013 and a 52 week low of Rs. 3.51 on 20-Aug-2014.

Last one week high and low of the scrip stood at Rs. 5.95 and Rs. 5.11 respectively. The current market cap of the company is Rs. 170.46 crore.

The promoters holding in the company stood at 27.85% while Non-Institutions held 72.15% stake in the company.

Luminaire Technologies has joined hands with Jagran Entertainment Media to develop, deploy and distribute content in the fast growing Digital and New Media space. The company’s expertise in technologies and Jagran Entertainment Media’s know how in the content industry will end up creating another strong player in the Indian market due to natural synergies of both the companies.

Further, both the companies have jointly proposed to allot (budget) a sizable amount for the above project in the current financial year, i.e. 2014-15.

Luminaire Technologies was earlier in the business of finance and trading of textile and yarns. The company intends to operate in the field of media and entertainment.

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