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Shristi Infrastructure gains on incorporating wholly owned subsidiary

09 Aug 2017 Evaluate

Shristi Infrastructure Development Corporation is currently trading at Rs. 320.00, up by 1.50 points or 0.47% from its previous closing of Rs. 318.50 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 320.00 and Rs. 320.00 respectively. So far 10 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 375.00 on 20-Feb-2017 and a 52 week low of Rs. 210.00 on 09-Aug-2016.

Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 314.00 respectively. The current market cap of the company is Rs. 710.40 crore.

The promoters holding in the company stood at 74.95%, while non-institutions held 25.05% stake in the company.

Shristi Infrastructure Development Corporation has incorporated a wholly owned subsidiary named ‘Shristi Cargo Warehouse’, which is registered with the Registrar of Companies, Delhi on August 4, 2017 and has been issued a Certificate of Incorporation on August 8, 2017.

Shristi Cargo Warehouse is incorporated to develop and operate maintain, design, construct, upgrade, modernize and manage air cargo warehousing facilities at Indira Gandhi International Airport (IGIA) located in New Delhi.

Shristi Infrastructure Development Corporation (SIDCL) is one of the leading construction and infrastructure development companies in India.

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