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DCM surges on getting nod to incorporate new subsidiary

13 Feb 2012

DCM is currently trading at Rs. 81.55, up by 1.90 points or 2.39% from its previous closing of Rs. 79.65 on the BSE.

The scrip opened at Rs. 79.50 and has touched a high and low of Rs. 82.20 and Rs. 79.00 respectively. So far 45233 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.30 on 06-Jul-2011 and a 52 week low of Rs. 41.60 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 83.60 and Rs. 58.20 respectively. The current market cap of the company is Rs. 141.47 crore.

The promoters holding in the company stood at 44.60% while Institutions and Non-Institutions held 10.39% and 45.01% respectively.  

DCM has received an approval to incorporate new subsidiary of the company to carry on new and/or existing business in information technology (IT) sector. The board at its meeting held on February 11, 2012 has approved for the same.

Also, the board has taken note of the credit rating ‘BBB-’ reaffirmed by credit rating agency CRISIL to the company's bank facilities.

DCM is engaged in manufacturing of engineering products and textiles. The different divisions of DCM group are engineering products, tolls and dyes, precision engineering, textiles and real estates.

DCM Share Price

40.00 -0.35 (-0.87%) Jun 18, 14:37
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323