Rishi Laser is currently trading at Rs. 27.75, up by 1.60 points or 6.12% from its previous closing of Rs. 26.15 on the BSE.
The scrip opened at Rs. 27.35 and has touched a high and low of Rs. 28.50 and Rs. 27.20 respectively. So far 7919 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.85 on 13-Apr-2011 and a 52 week low of Rs. 23.10 on 29-Mar-2012.
Last one week high and low of the scrip stood at Rs. 28.50 and Rs. 25.55 respectively. The current market cap of the company is Rs. 24.64 crore.
The promoters holding in the company stood at 19.84% while Non-Institutions held 80.16%.
Rishi Laser is likely to sale land and building of the company situated at Gat No. 218, 219, Markal, Taj Khed, Pune and the part of the vacant land situated at S. No: 51 & 52/2 at Majra Hosahalli, Kasaba Hobli, Doddaballapur, Bangalore. The company is going to take board’s approval for the same in the meeting to be held on April 13, 2012.
Rishi Laser (RLL) manufactures sheet steel/metal fabricated components and assemblies. Over a period the company expanded its fabrication capacity by setting up units in vicinity of the key clients and at present the company has 11 manufacturing facilities in five different states.
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