Videocon Industries rises on plan to double its market share in the AC segment

07 May 2015

Videocon Industries is currently trading at Rs. 149.00, up by 1.95 points or 1.33% from its previous closing of Rs. 147.05 on the BSE.

The scrip opened at Rs. 147.75 and has touched a high and low of Rs. 149.55 and Rs. 145.70 respectively. So far 11649 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.05 on 10-Jun-2014 and a 52 week low of Rs. 143.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 151.85 and Rs. 145.05 respectively. The current market cap of the company is Rs. 4918.22 crore.

The promoters holding in the company stood at 65.60% while Institutions and Non-Institutions held 11.12% and 10.97% respectively.

Videocon Industries is looking to double its market share to 12 per cent in the AC segment by the end of 2015. Moreover, the company is planning to double its selling points to 9,500 by end of the fiscal from 4,500 presently.

The company, which launched a new range of ACs, is also setting up a new manufacturing facility in Madurai, Tamil Nadu, which is the second largest market for them after Maharashtra.

Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323