Baba Arts surges on commencing new business in Plastic Raw Materials, Electronic Goods

14 May 2015

Baba Arts is currently trading at Rs. 4.57, up by 0.27 points or 6.28% from its previous closing of Rs. 4.30 on the BSE.

The scrip opened at Rs. 4.30 and has touched a high and low of Rs. 4.79 and Rs. 4.02 respectively. So far 4248 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 9.88 on 01-Dec-2014 and a 52 week low of Rs. 4.00 on 13-May-2015.

Last one week high and low of the scrip stood at Rs. 4.97 and Rs. 4.00 respectively. The current market cap of the company is Rs. 47.16 crore.

The promoters holding in the company stood at 63.31% while Non-Institutions held 36.69%.

Baba Arts has received an approval to commence new business activity of dealing and trading in Plastic Raw Materials and Electronic Goods as per the amended objects of the company as approved by the members by special resolution passed through Postal Ballot. The board of directors at their meeting held on May 13, 2015 has approved for the same.

Baba Arts operates in four segments viz; Intellectual Property Rights of films, Production of Hindi Films, Production of Tamil Films and Post Production.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323