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Inditrade Capital zooms on plan to increase stake in JRG DMCC

28 Sep 2016 Evaluate

Inditrade Capital is currently trading at Rs 46.50, up by 2.65 points or 6.04% from its previous closing of Rs 43.85 on the BSE.

The scrip opened at Rs. 45.65 and has touched a high and low of Rs. 48.85 and Rs. 45.45 respectively. So far 42347 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.85 on 28-Sep-2016 and a 52 week low of Rs. 23.60 on 15-Mar-2016.

Last one week high and low of the scrip stood at Rs. 48.85 and Rs. 37.00 respectively. The current market cap of the company is Rs. 108.59 crore.

The promoters holding in the company stood at 0.68%, while Institutions and Non-Institutions held 2.99% and 96.04% respectively.

Inditrade Capital has taken an in principle decision to increase its existing shareholding in JRG International Brokerage DMCC (JRG DMCC), a company registered with the Dubai Multi Commodities Centre, upto an aggregate of 51% of the paid up capital of JRG DMCC, within a period of 24 months subject to the relevant regulatory approvals (both in India and UAE), if any.

Inditrade Capital (formerly JRG Securities) is one of the foremost brokerage houses, being a member of various exchanges in the capital and commodity markets and the insurance sector.

Peers
Company Name CMP
Bajaj Finserv 1731.20
TVS Holdings 11594.10
Cholamandalam Fin. 1377.45
Altius Telecom Infra 172.50
Kama Holdings 2235.75
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