Murudeshwar Ceramics is currently trading at Rs. 29.10, up by 1.15 points or 4.11% from its previous closing of Rs. 27.95 on the BSE.
The scrip opened at Rs. 27.50 and has touched a high and low of Rs. 29.90 and Rs. 27.50 respectively. So far 46880 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.25 on 18-Jun-2021 and a 52 week low of Rs. 13.85 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 30.40 and Rs. 27.35 respectively. The current market cap of the company is Rs. 152.55 crore.
The promoters holding in the company stood at 69.84%, while Institutions and Non-Institutions held 0.14% and 30.01% respectively.
Murudeshwar Ceramics (MCL) has received approval for purchase of shares of RNS Power (a Group Company). The main object for purchase of shares of RNS Power (RNSPL) to become a Captive Buyer of power (Captive user) under the Electricity Act, 2003 read with the Electricity Rules, 2005.
Before this transaction for purchase of equity shares, MCL is holding 6.14% of equity shares in RNSPL and after purchase 237200 equity shares of RNSPL, the total holding will be 26.10% of equity shares of RNSPL as require for becoming Captive Buyer of power (Captive user) under the Electricity Act, 2003 read with the Electricity Rules, 2005. Moreover, RNSPL will be considered as an Associate Company of MCL in term of section 2(6) of the Companies Act, 2013.
Murudeshwar Ceramics is the pioneer in manufacturing world class Vitrified tiles and Ceramic tiles under the brand name ‘NAVEEN’.
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