Radha Madhav Corporation is currently trading at Rs. 40.00, up by 0.50 points or 1.27% from its previous closing of Rs. 39.50 on the BSE.
The scrip opened at Rs. 39.85 and has touched a high and low of Rs. 40.40 and Rs. 39.30 respectively. So far 14162 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.10 on 20-Jan-2015 and a 52 week low of Rs. 8.00 on 18-Feb-2014.
Last one week high and low of the scrip stood at Rs. 43.90 and Rs. 39.00 respectively. The current market cap of the company is Rs. 251.37 crore.
The promoters holding in the company stood at 15.64%, while Non-Institutions held 84.36% stake in the company.
Radha Madhav Corporation (RMCL), which had forayed into e-commerce space, is planning to raise Rs 100 crore by selling assets and offloading stake. The company will use 60% of the proceeds to pay off debts and the remaining to strengthen its e-commerce ventures.
Earlier in 2010, predominantly a plastic packaging company had forayed into the e-commerce space. The company is in talks with several firms to sell its packaging material manufacturing unit in Rudrapur, Uttarakhand, for Rs 65 crore.
Radha Madhav Corporation activities are divided into two areas; primary packaging and secondary packaging. Primary packaging is again divided into flexible division and folded carton division while secondary packaging includes products like liners, specialty thermoformable films, cartons and various profiles for varied applications.
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