International Conveyors is currently trading at Rs 27.05, up by 0.05 points or 0.19% from its previous closing of Rs. 27.00 on the BSE.
The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 27.50 and Rs. 25.30 respectively. So far 11953 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 30.90 on 04-Dec-2014 and a 52 week low of Rs. 7.78 on 20-Dec-2013.
Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 24.40 respectively. The current market cap of the company is Rs. 185.63 crore.
The promoters holding in the company stood at 53.21 % while Institutions and Non-Institutions held 38.82 % and 7.97 % respectively.
International Conveyors has received an approval to purchase equity shares of a newly incorporated entity International Conveyors America, Inc. under the laws of the United States of America. The board of directors at their meeting held on December 22, 2014 has approved for the same.
Subsequent to the above mentioned acquisition, International conveyors America Inc. would become a wholly owned subsidiary of the company. The acquired company will market belting in North America.
International Conveyors is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting.
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