Rane Holdings is currently trading at Rs. 609.15, up by 5.30 points or 0.88% from its previous closing of Rs. 603.85 on the BSE.
The scrip opened at Rs. 600.10 and has touched a high and low of Rs. 610.45 and Rs. 596.85 respectively. So far 1860 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 782.45 on 26-Jul-2021 and a 52 week low of Rs. 544.85 on 07-May-2021.
Last one week high and low of the scrip stood at Rs. 642.50 and Rs. 588.90 respectively. The current market cap of the company is Rs. 868.59 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 4.73% and 48.87% respectively.
Rane Holdings has received approval for further investment in its subsidiary, viz., Rane Engine Valve (REVL), up to Rs 15 crore, by way of subscription to equity shares and/or convertible securities (warrants), as part of the fund raising plans of REVL. The investment if made by the company would be within the limits of Section 186 of the Companies Act, 2013. The Finance Committee of the Board of Directors of the company at its meeting held on January 25, 2022 has approved the same.
Rane Holdings is the holding company of the Rane Group.
