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Aksh Optifibre surges on plan of setting up WOS in Mauritius

29 Sep 2017 Evaluate

Aksh Optifibre is currently trading at Rs. 23.20, up by 0.40 points or 1.75% from its previous closing of Rs. 22.80 on the BSE.

The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 23.20 and Rs. 22.90 respectively. So far 52297 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 30.80 on 01-Nov-2016 and a 52 week low of Rs. 16.90 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 25.75 and Rs. 22.30 respectively. The current market cap of the company is Rs. 373.32 crore.

The promoters holding in the company stood at 27.64%, while institutions and non-institutions held 1.36% and 71.00% respectively.

Aksh Optifibre has received an approval to set up wholly owned subsidiary (WOS) Company in Mauritius for manufacturing of Optical Fiber Cable. The required investment for said proposal will be Rs 4.00 crore. The Board of Directors of the company in its meeting held on September 28, 2017 approved the same.

Aksh Optifibre is one of the leading providers of transmission solutions for the telecom industries globally. The various products & services are embedded in its diversified portfolio.

Aksh Optifibre Share Price

6.67 0.31 (4.87%)
06-May-2026 16:59 View Price Chart
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