Rane Holdings is currently trading at Rs. 1546.45, up by 55.00 points or 3.69% from its previous closing of Rs. 1491.45 on the BSE.
The scrip opened at Rs. 1447.50 and has touched a high and low of Rs. 1599.00 and Rs. 1385.00 respectively. So far 80 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2799.00 on 13-Apr-2018 and a 52 week low of Rs. 1360.00 on 28-Sep-2018.
Last one week high and low of the scrip stood at Rs. 1649.00 and Rs. 1360.00 respectively. The current market cap of the company is Rs. 2146.67 crore.
The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 18.03% and 35.60% respectively.
Rane Holdings has acquired 3.75% shareholding in its subsidiary company -- Rane Engine Valve (REVL). The company has acquired 2,52,000 shares of REVL. Post-acquisition, the company holds 54.82% stake in REVL. This is part of RHL’s strategic initiative to consolidate shareholding in the subsidiary company.
Rane Holdings is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development & information systems support.
