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Inditrade Capital touches the roof after Porinju Veliyath’s wife acquires stake

15 Jun 2017 Evaluate

Inditrade Capital is currently trading at its upper circuit limit of Rs. 59.20, up by 9.85 points or 19.96% from its previous closing of Rs. 49.35 on the BSE.

The scrip opened at Rs. 59.20 and has touched a high and low of Rs. 59.20 and Rs. 56.40 respectively. So far 446643 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.20 on 15-Jun-2017 and a 52 week low of Rs. 26.80 on 30-Jun-2016.

Last one week high and low of the scrip stood at Rs. 59.20 and Rs. 38.85 respectively. The current market cap of the company is Rs. 137.66 crore.

The promoters holding in the company stood at 71.77%, while institutions and non-institutions held 2.84% and 25.10% respectively.

Ace investor Porinju Veliyath’s wife has picked up stake in Inditrade Capital. Shilpa Porinju Veliyath has purchased 1.42 lakh equity shares, representing 0.6 percent of total paid up capital, at Rs 45.74 per share.

Foreign portfolio investors also have 2.84 percent shareholding in the company, out of which 2.16 percent stake is held by CLSA Global Markets as of March 2017.

Incorporated in 1994, Inditrade Capital (formerly known as JRG Securities) is engaged in equity and commodity broking businesses, with strong presence in South India.

Peers
Company Name CMP
Bajaj Finserv 1759.85
TVS Holdings 12444.75
Cholamandalam Fin. 1395.55
Altius Telecom Infra 175.00
Kama Holdings 2205.00
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