Indian Hume Pipe Company is currently trading at Rs. 684.45, up by 34.10 points or 5.24% from its previous closing of Rs. 650.35 on the BSE.
The scrip opened at Rs. 663.90 and has touched a high and low of Rs. 689.00 and Rs. 663.90 respectively. So far 1,716 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 699.00 on 29-Sep-2016 and a 52 week low of Rs. 272.50 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 699.00 and Rs. 617.05 respectively. The current market cap of the company is Rs. 1,671.43 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 5.14% and 24.94% respectively.
Indian Hume Pipe Company has received an approval for exploring the possibility of development of Vadgaon land, Pune in state of Maharashtra. The company’s pipe manufacturing factory admeasuring about 14.77 acres at Vadgaon, Pune Sinhgad Road, Pune has been closed since with effect from November 01, 2015. The board of directors at its meeting held on October 01, 2016 has approved for the same.
The board has authorized the Chairman & Managing Director and Executive Director of the company to explore the possibility of monetizing the Vadgaon land, Pune and appoint reputed Property Consultant for identifying a Developer.
Indian Hume Pipe Company was incorporated with the object of manufacturing, popularizing and marketing Hume Pipes and allied products.
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