Nava Bharat Ventures is currently trading at Rs. 129.80, up by 2.20 points or 1.72% from its previous closing of Rs. 127.60 on the BSE.
The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 129.85 and Rs. 128.00 respectively.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 155.00 on 26-Apr-2017 and a 52 week low of Rs. 103.00 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 131.95 and Rs. 122.20 respectively. The current market cap of the company is Rs. 2,317.00 crore.
The promoters holding in the company stood at 44.39%, while Institutions and Non-Institutions held 23.12% and 32.50% respectively.
Nava Bharat Ventures has received an approval for formation of Special Purpose Vehicle (SPV) as a wholly owned subsidiary of the company in Singapore for pursuing emerging business opportunities, including Healthcare Enabled Services abroad, with an investment commitment of up to $11 million over a period of time. The board of directors at its meeting held on August 18, 2017 approved for the same.
Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.
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