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TRF soars on getting nod to raise Rs 250 crore via NCRPS

21 Feb 2019

TRF is currently trading at Rs. 108.15, up by 3.45 points or 3.30% from its previous closing of Rs. 104.70 on the BSE.

The scrip opened at Rs. 107.25 and has touched a high and low of Rs. 110.80 and Rs. 107.25 respectively. So far 4533 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.00 on 24-Apr-2018 and a 52 week low of Rs. 94.00 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 110.80 and Rs. 94.00 respectively. The current market cap of the company is Rs. 119.01 crore.

The promoters holding in the company stood at 34.12%, while Institutions and Non-Institutions held 2.52% and 63.35% respectively.

TRF has received approval for issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to Tata Steel, on a private placement basis for aggregating up to Rs 250 crore. The Board of Directors of the company at its meeting held on February 20, 2019 has approved the same.

TRF is engaged in the production of material handling equipment. The company’s segments include Products & Services, and Projects & Services.

TRF Share Price

119.60 -2.75 (-2.25%) Sep 17, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323