MoneyWorks4Me

Spice Mobility shines as its arm buys 22.54% stake in Sunstone Eduversity

11 Jan 2016 Evaluate

Spice Mobility is currently trading at Rs 22.20, up by 1.40 points or 6.73% from its previous closing of Rs. 20.80 on the BSE.

The scrip opened at Rs. 21.00 and has touched a high and low of Rs. 22.25 and Rs. 21.00 respectively. So far 4517 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 3 has touched a 52 week high of Rs. 32.95 on 23-Feb-2015 and a 52 week low of Rs. 17.10 on 03-Sep-2015.

Last one week high and low of the scrip stood at Rs. 22.60 and Rs. 20.35 respectively. The current market cap of the company is Rs. 500.16 crore.

The promoters holding in the company stood at 74.36% while Institutions and Non-Institutions held 0.44% and 25.20% respectively.

Spice Mobility’s subsidiary Spice Digital (SDL) has bought 22.54% stake in Sunstone Eduversity, a company incorporated for the purpose of engaging in the line of education business. Consequently, Sunstone Eduversity has become an associate company of SDL.

Spice Mobilityis engaged in manufacturing of mobile phones. The company offers a wide range of mobile handsets catering to all segments -- low, medium, high-end.

Peers
Company Name CMP
TCS 2191.50
Infosys 1060.65
HCL Technologies 1251.15
Wipro 166.70
Tech Mahindra 1555.15
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