Rane Holdings is currently trading at Rs. 605.00, up by 15.40 points or 2.61% from its previous closing of Rs. 589.60 on the BSE.
The scrip opened at Rs. 598.90 and has touched a high and low of Rs. 606.80 and Rs. 598.90 respectively. So far 1550 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 643.95 on 14-Oct-2014 and a 52 week low of Rs. 143.00 on 12-Feb-2014.
Last one week high and low of the scrip stood at Rs. 606.90 and Rs. 560.00 respectively. The current market cap of the company is Rs. 863.52 crore.
The promoters holding in the company stood at 46.41 % while Institutions and Non-Institutions held 12.13 % and 41.46 % respectively.
Rane Holdings has acquired 19.24% in the equity share capital of SasMos, engaged in the manufacture of interconnection system and wiring harness for defence and aerospace industry, from Lumipol International B. V., a Netherland based Company, taking its total shareholding in SasMos to 45.24%. In September 2011, the company had acquired 26% stake in share capital of SasMos.
Rane Holdings is the holding company of the Rane Group. The Rane Group established in the year 1929 as a trading house and serves a variety of industry segments: Passenger Cars, Multi Utility Vehicles, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Farm Tractors, Three-wheelers, Two-wheelers and Stationary Engines through Rane Holding company & 7 manufacturing companies.
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