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Aksh Optifibre zooms on plan to merge wholly owned subsidiary

21 Mar 2012 Evaluate

Aksh Optifibre is currently trading at Rs. 11.90, up by 0.60 points or 5.31% from its previous closing of Rs. 11.30 on the BSE.

The scrip opened at Rs. 11.58 and has touched a high and low of Rs. 12.45 and Rs. 11.10 respectively. So far 460456 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 12.45 on 21-Mar-2012 and a 52 week low of Rs. 5.53 on 26-May-2011.

Last one week high and low of the scrip stood at Rs. 12.45 and Rs. 8.58 respectively. The current market cap of the company is Rs. 169.51 crore.

The promoters holding in the company stood at 13.23% while Institutions and Non-Institutions held 2.20% and 59.79% respectively.

Aksh Optifibre has received an approval for the draft scheme of merger between Aksh Optifibre and its wholly owned subsidiary - Aksh Technologies. The board at its meeting held on March 20, 2012 has approved for the same.

Aksh Optifibre is engaged in the production of a variety of cables such as - SingleMode & MultiMode Cables, Duct Cables, Armoured & Aerial Cables, Indoor Outdoor Cables. The company has also the facilities of producing ribbon Fibre Optic.

Aksh Optifibre Share Price

7.00 0.33 (4.95%)
07-May-2026 12:45 View Price Chart
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