Geometric is currently trading at Rs. 234.30, up by 4.00 points or 1.74% from its previous closing of Rs. 230.30 on the BSE.
The scrip opened at Rs. 229.35 and has touched a high and low of Rs. 235.50 and Rs. 229.35 respectively. So far 4978 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 250.15 on 03-Aug-2016 and a 52 week low of Rs. 109.05 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 241.25 and Rs. 226.20 respectively. The current market cap of the company is Rs. 1532.79 crore.
The promoters holding in the company stood at 37.58%, while institutions and non-institutions held 15.72% and 46.70% respectively.
Competition Commission of Indian (CCI) has cleared HCL Technologies’ equity swap deal to buy the business of Geometric. The deal excludes Geometric’s 58% stake in 3DPLM Software Solutions - a joint venture with Dassault Systems. The fair trade regulator has also approved the merger of remaining undertaking of Geometric with 3DPLM. Dassault is to have 100% stake in the 3DPLM.
In April, HCL Technologies and Geometric signed an agreement for the deal. As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 shares held by them in the company. In total, HCL would issue 15,640,546 equity shares of Rs 2 each.
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.