C Mahendra Exports surges on launching unique range of hand-made watches

20 Mar 2015

C Mahendra Exports is currently trading at Rs. 12.90, up by 0.25 points or 1.98% from its previous closing of Rs. 12.65 on the BSE.

The scrip opened at Rs. 13.25 and has touched a high and low of Rs. 13.39 and Rs. 12.60 respectively. So far 146548 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.90 on 09-Jun-2014 and a 52 week low of Rs. 8.51 on 18-Mar-2015.

Last one week high and low of the scrip stood at Rs. 13.39 and Rs. 8.51 respectively. The current market cap of the company is Rs. 78.13 crore.

The promoters holding in the company stood at 60.02% while Institutions and Non-Institutions held 11.90% and 28.08% respectively.

C Mahendra Exports (CMEL) has launched its unique range of hand?made watches. The group will be launching this new product range via its retail stores and online presence that form part of Ciemme Jewels, which is a subsidiary of C Mahendra Exports.

The launch of this range of niche hand?made watches will allow the C Mahendra Group to reinforce its presence in high?end luxury watches.

C Mahendra Exports is a renowned and trusted name since 1974, is one of the leading diamantaire and jewelry companies in India with a wide spread network around the world.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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