Scooters India is currently trading at Rs. 35.75, up by 1.70 points or 4.99% from its previous closing of Rs. 34.05 on the BSE.
The scrip opened at Rs. 35.50 and has touched a high and low of Rs. 35.75 and Rs. 34.35 respectively. So far 54230 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.05 on 10-Jan-2013 and a 52 week low of Rs. 24.10 on 21-Nov-2012.
Last one week high and low of the scrip stood at Rs. 42.05 and Rs. 33.70 respectively. The current market cap of the company is Rs. 153.70 crore.
The promoters holding in the company stood at 95.38% while Institutions and Non-Institutions held 0.06% and 4.56% respectively.
The government has delayed decision on proposal to revive sick public sector unit - Scooters India (SIL). After the government postponed the plan to sell its entire stake in the state-owned firm, the Department of Heavy Industries (DHI) had proposed a revival package of more than Rs 200 crore. The automobile company, which has about 1,200 regular employees, has been incurring losses since 2002-03 and was declared sick in March 2009.
The government’s revival in the firm includes both cash and non-cash assistance. While cash assistance implies equity infusion, grants and loans, non-cash assistance includes waiving interest, government loan and conversion of loan into equity.
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