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Su-Raj Diamonds in demand on getting nod to disinvest its subsidiaries

15 Feb 2012 Evaluate

Su-Raj Diamonds is currently trading at Rs. 54.20, up by 0.75 points or 1.40% from its previous closing of Rs. 53.45 on the BSE.

The scrip opened at Rs. 54.50 and has touched a high and low of Rs. 54.70 and Rs. 54.00 respectively. So far 12728 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.50 on 08-Apr-2011 and a 52 week low of Rs. 35.50 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 55.00 and Rs. 51.70 respectively. The current market cap of the company is Rs. 560.52 crore.

The promoters holding in the company stood at 38.26% while Institutions and Non-Institutions held 36.74% and 25.01% respectively.  

Su-Raj Diamonds and Jewellery has received an approval for disinvestment of the following subsidiaries - Su-Raj Diamonds NV, Su-Raj Diamond (HK) and Su-Raj Diamonds & Jewellery USA., INC subject to necessary approvals. The board at its meeting held on February 14, 2012 has approved for the same.

Su-Raj Diamonds and Jewellery is a flagship company of the Su-Raj Group. The company’s operations are universal in scope and global in spread covering all facets of diamond and jewellery manufacture and trading in rough and polished stones, at all key locations worldwide.

Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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