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Falcon Tyres rises on acquiring 10,000 shares of Falcon Tyres Rubber

31 Jan 2013 Evaluate

Falcon Tyres is currently trading at Rs. 23.00, up by 0.05 points or 0.22% from its previous closing of Rs. 22.95 on the BSE.

The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 23.00 and Rs. 23.00 respectively. So far 250 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 42.80 on 07-Feb-2012 and a 52 week low of Rs. 20.20 on 06-Sep-2012.

Last one week high and low of the scrip stood at Rs. 23.80 and Rs. 21.95 respectively. The current market cap of the company is Rs. 178.19 crore.

The promoters holding in the company stood at 31.62% while Institutions and Non-Institutions held 0.35% and 68.03% respectively.

Falcon Tyres has acquired 10,000 shares of Rs 10 each at par of Falcon Tyres Rubber. Pursuant to which, Falcon Tyres Rubber has become wholly owned subsidiary of the company with effect from January 30, 2013.

Falcon Tyres manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets.

 

Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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