Rane Holdings is currently trading at Rs. 648.65, up by 88.15 points or 15.73% from its previous closing of Rs. 560.50 on the BSE.
The scrip opened at Rs. 568.35 and has touched a high and low of Rs. 666.50 and Rs. 554.70 respectively. So far 26796 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 927.20 on 27-Dec-2019 and a 52 week low of Rs. 288.00 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 666.50 and Rs. 506.40 respectively. The current market cap of the company is Rs. 943.55 crore.
The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 17.56% and 36.06% respectively.
Rane Holdings has received an approval for further investment in its subsidiary, viz., Rane (Madras) (RML), up to Rs 60 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of RML. The investment is however, subject to approval of Board of Directors / Committee of RML. The Board of Directors of the company at its meeting held on December 17, 2020, approved the same.
Rane Holdings is the holding company of the Rane Group.
