Phoenix Lamps trades with traction on the BSE

18 Apr 2016 Evaluate

Phoenix Lamps is currently trading at Rs. 112.00, up by 2.15 points or 1.96% from its previous closing of Rs. 109.85 on the BSE.

The scrip opened at Rs. 110.00 and has touched a high and low of Rs. 117.00 and Rs. 108.30 respectively. So far 23135 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.10 on 03-Aug-2015 and a 52 week low of Rs. 88.10 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 117.00 and Rs. 106.00 respectively. The current market cap of the company is Rs. 313.82 crore.

The promoters holding in the company stood at 61.93% while Institutions and Non-Institutions held 1.78% and 36.29% respectively.

Phoenix Lamps has received its board’s approval for draft Scheme of Amalgamation with its Holding Company namely Suprajit Engineering, Bangalore.

Further, based on the proposed Share Exchange ratio recommended by the Independent Valuer, in line with SEBI guidelines and duly reviewed by the Audit Committee, the Board also fixed the Share Exchange Ratio with the ratio of 4 Equity Shares of the face value of Re 1 each of Suprajit Engineering with rights attached thereto as mentioned in this Scheme for every 5 Equity Shares of the face value of Rs 10 each held in Phoenix Lamps as on the “Record Date” to be fixed by the board of Directors of the company.

Phoenix Lamps is the largest manufacturer of Automotive Lamps in India and caters to Indian OEMs, After Market and European Aftermarket segment.

 

Peers
Company Name CMP
SamvardhanaMotherson 117.05
TVS Holdings 8104.15
Bosch 30046.25
UNO Minda 687.00
Varroc Engineering 511.25
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