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Chisel & Hammer touches the roof on approval of bonus issue

28 Feb 2012 Evaluate

Chisel & Hammer (Mobel) is currently trading at its upper circuit limit of Rs. 49.95, up by 2.35 points or 4.94% from its previous closing of Rs. 47.60 on the BSE.

The scrip opened at Rs. 49.95 and has touched a high and low of Rs. 49.95 and Rs. 49.95 respectively. So far 11547 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.00 on 30-Jun-2011 and a 52 week low of Rs. 35.40 on 30-Jan-2012.

Last one week high and low of the scrip stood at Rs. 55.90 and Rs. 47.00 respectively. The current market cap of the company is Rs. 11.50 crore.

The promoters holding in the company stood at 27.89% while Non-Institutions held 72.11% stake in the company. 

Chisel & Hammer (Mobel) has informed  that the board of directors of the company at its meeting held on February 27, 2012, has approved the issue of bonus equity shares in the ratio of  two bonus equity shares will be issued to one equity share by capitalizing reserves subject to approval of shareholders.

Chisel & Hammer has diversified businesses like Textile, Jewellery, Retail and Metal. The hosiery and textile business is spread through 2,600 distributors in India as well as expanded to a global scale.

Peers
Company Name CMP
Redington 215.90
Adani Enterprises 2404.05
Amrapali Industries 18.00
Rashi Peripheral 458.60
PDS 274.45
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