Neha International is currently trading at Rs 130.45, up by 3.55 points or 2.80% from its previous closing of Rs. 126.90 on the BSE.
The scrip opened at Rs. 129.75 and has touched a high and low of Rs 130.70 and Rs 126.65 respectively. So far 14578 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs 271.70 on 12-Nov-2010 and a 52 week low of Rs. 79.50 on 17-Jan-2011.
Last one week high and low of the scrip stood at Rs. 149.35 and Rs. 123.50 respectively. The current market cap of the company is Rs. 314.50 crore.
The promoters holding in the company stood at 20.38% while Institutions and Non-Institutions held 2.93% and 53.23% respectively.
Neha International has received its board’s approval to invest additional $2 million in its Wholly Owned Subsidiary -- Neha Agricorp -- by way of loan. The company’s board gave approval for the same at meeting held on August 13, 2011.
Further, the board has also approved the conversion of 1,69,000 warrants to shares of Rs 10 each at a premium of Rs 45 per share subsequent to receipt of 100% subscription amount.
Neha International is a premium and successful grower of cut roses. The company also deals in trading of green house-related machinery and undertakes the business of outsourcing services.
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