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Poddar Developers gains on selling its investments in three subsidiaries

24 Sep 2015 Evaluate

Poddar Developers is currently trading at Rs. 1106.25, up by 8.25 points or 0.75% from its previous closing of Rs. 1098.00 on the BSE.

The scrip opened at Rs. 1107.75 and has touched a high and low of Rs. 1128.75 and Rs. 1103.00 respectively. So far 280 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1710.00 on 07-Jul-2015 and a 52 week low of Rs. 369.00 on 25-Sep-2014.

Last one week high and low of the scrip stood at Rs. 1139.00 and Rs. 1011.25 respectively. The current market cap of the company is Rs. 709.85 crore.

The promoters holding in the company stood at 61.01% while Institutions and Non-Institutions held 17.06% and 21.94% respectively.

Poddar Developers has sold the Investments in three subsidiaries i.e. Poddar Natural Resources and Ores, Poddar Infrastructure and Poddar Leisure Infrastructure at par on September 24, 2015 as approved by the Board of Directors at their meeting held on August 11, 2015. Further, the all three Companies will no longer be subsidiaries of the Company with the effect from September 24, 2015.

Poddar Developers is engaged in the manufacturing Color & Additive Masterbatches for dope dyeing of man- made fibres, various plastic applications and engineering plastics & compounds.

 

Poddar Hsg.&Devlop. Share Price

49.21 0.00 (0.00%)
30-Jun-2025 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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