Videocon Industries is currently trading at Rs. 134.95, up by 0.65 points or 0.48% from its previous closing of Rs. 134.30 on the BSE.
The scrip opened at Rs. 134.50 and has touched a high and low of Rs. 135.00 and Rs. 134.20 respectively. So far 1468 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.80 on 12-Jan-2015 and a 52 week low of Rs. 115.00 on 20-Aug-2015.
Last one week high and low of the scrip stood at Rs. 137.00 and Rs. 133.20 respectively. The current market cap of the company is Rs. 4513.52 crore.
The promoters holding in the company stood at 65.60% while Institutions and Non-Institutions held 11.13% and 10.96% respectively.
Videocon Industries, part of the Videocon Group, is reportedly planning to invest Rs 500 crore over the next three years to set up a new mobile handset assembly plant in Punjab, which will also manufacture set top boxes. This new plant will generate employment for 3000 people over a period of time in the state.Recently, the company tied up with Coolpad Group to manufacture phones for the Chinese telecommunications equipment company. The company aims to manufacture about half a million Coolpad devices at its facility in 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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