Linc Pen and Plastics is currently locked at upper circuit of Rs. 60.75, up by 10.10 points or 19.94% from its previous closing of Rs. 50.65 on the BSE.
The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 60.75 and Rs. 56.00 respectively. So far 50,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.00 on 27-Jul-2011 and a 52 week low of Rs. 37.00 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs. 60.75 and Rs. 40.65 respectively. The current market cap of the company is Rs. 77.00 crore.
The promoters holding in the company stood at 69.44% while Non-Institutions hold 30.56% respectively.
The Kolkata based Linc Pen and Plastics have signed a ‘Business and Capital Alliance Agreement’ with Mitsubishi Pencil Co of Japan to issue 2 million equity shares of Rs 10 at the rate of Rs 100 per share. The company has a distribution agreement with Mitsubishi Pencil Co for its Uni/ Uni-ball since 1992.
The new development is seen as a joint move to strengthen the relationship between the two companies which could serve to open new avenues of commercial growth for both parties. The prima facie objective of the capital alliance is to improve Mitsubishi Pencil’s Co’s market share and Uni/ Uni ball brand growth in India by employing Linc Pen’s sales/ marketing and production capabilities and Mitsubishi Pencil Co’s products development and writing instrument technology prowess.
Linc Pen and Plastics prides itself on being a leading manufacturer and exporter of quality writing instruments in India. Linc has three large state-of-the-art manufacturing units in India located at two places, in Goa and in West Bengal.
| Company Name | CMP |
|---|---|
| DOMS Industries | 2341.30 |
| Flair Writing Indu. | 276.35 |
| Kokuyo Camlin | 87.89 |
| Linc | 101.00 |
| Sundaram Multi Pap | 1.36 |
| View more.. | |
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