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Panoramic Universal shines on getting nod for various investment proposals

13 Feb 2013 Evaluate

Panoramic Universal is currently trading at Rs 7.74, up by 0.33 points or 4.45% from its previous closing of Rs 7.41 on the BSE.

The scrip opened at Rs. 8.50 and has touched a high and low of Rs 8.50 and Rs 7.42 respectively. So far 830 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 11.64 on 17-Feb-2012 and a 52 week low of Rs 6.49 on 28-Jan-2013.

Last one week high and low of the scrip stood at Rs 8.80 and Rs 7.15 respectively. The current market cap of the company is Rs 58.31 crore.

The promoters holding in the company stood at 74.40% while Institutions and Non-Institutions held 6.01% and 19.59% respectively.

Panoramic Universal has received an approval for the proposal of enhancing the limit for making investment in securities of and/or giving loan(s) to one or more body corporate/es in Dubai up to an overall limit of Rs 20 crore and by way of incorporation(s)/acquisition(s)/ strategic alliance(s)/ joint venture(s)/ associate(ies)/ subsidiary(ies)/ wholly owned subsidiary(ies) or any other contractual arrangement with body corporate(s) abroad.

The board also approved the proposal for making investment in securities of and/or giving loan(s) to one or more body corporate/es in Cape Town, South Africa up to an overall limit of Rs 15 crore as and by way of incorporation(s) /acquisition(s)/ strategic alliance(s)/ joint venture(s)/ associate(s)/ subsidiary(ies)/ wholly owned subsidiary(ies) or any other contractual arrangement with body corporate(s) abroad. The board at its meeting held on February 12, 2013 has approved for the same.

Panoramic Universal engages in the hospitality and information technology businesses. The company owns and operates hotel properties in India, the United States, and New Zealand.

Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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