Alps Motor Finance is currently trading at Rs. 28.75, up by 0.85 points or 3.05% from its previous closing of Rs. 27.90 on the BSE.
The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.80 and Rs. 28.00 respectively. So far 3539531 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 50.55 on 13-Jan-2017 and a 52 week low of Rs. 7.40 on 21-Jun-2017.
Last one week high and low of the scrip stood at Rs. 28.80 and Rs. 26.00 respectively. The current market cap of the company is Rs. 291.99 crore.
The promoters holding in the company stood at 2.94%, while non-institutions held 97.06% stake in the company.
Alps Motor Finance is eying to carry on the business of Housing Finance. The board of directors will meet on January 4, 2018 to decide for the same.
The company is also planning to formulate the action plan towards registration as Housing Finance Company with the relevant Government authority.
The main business of the company is financing all and every type of commodities movable or immovable properties.
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