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EPC Industries trade jubilantly as Reliance Net acquires over 5% stake

09 Jan 2013 Evaluate

EPC Industries is currently trading at Rs. 162.45, up by 9.55 points or 6.25% from its previous closing of Rs. 152.90 on the BSE.

The scrip opened at Rs. 156.00 and has touched a high and low of Rs. 166.00 and Rs. 150.00 respectively. So far 98041 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.00 on 09-Jan-2013 and a 52 week low of Rs. 80.46 on 19-Jan-2012.

Last one week high and low of the scrip stood at Rs. 166.00 and Rs. 124.50 respectively. The current market cap of the company is Rs. 448.86 crore.

The promoters holding in the company stood at 54.83% while Non-Institutions held 45.17% stake in the company.

Reliance Net has acquired over 5% stake in EPC Industries via open market transaction on January 8, 2013. Reliance Net has purchased 1.49 million shares of the company at an average price of Rs 128 per share.

Besides Reliance Net, six other entities, including Reliance Capital Asset Management, Indea Ankam Master Fund, Meena Ashwin Kothari, Aadi Financial Advisors LLP, Shardul Securities and Morgan Stanley Asia (Singapore) PTE bought a total of 4.57 million shares in EPC Industries.

EPC provides total solution for agriculture with a focus on micro-irrigation and inter-related requirements of fustigation and agronomic support. With the initial French Technology support EPC had developed the capability to design and develop the irrigation products of international standard, satisfying every need of Indian Farmers.

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