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Linc shines on inking pact to make investment in Gelx Industries

06 Apr 2023 Evaluate

Linc is currently trading at Rs. 594.50, up by 11.70 points or 2.01% from its previous closing of Rs. 582.80 on the BSE.

The scrip opened at Rs. 581.25 and has touched a high and low of Rs. 598.00 and Rs. 580.00 respectively. So far 4336 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 598.00  on 06-Apr-2023 and a 52 week low of Rs. 230.00 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 598.00 and Rs. 500.10 respectively. The current market cap of the company is Rs. 866.76 crore.

The promoters holding in the company stood at 58.83%, while Institutions and Non-Institutions held 0.14% and 41.03% respectively.

Linc has entered into an agreement in relation to an Investment in Gelx Industries. The acquisition will provide opportunity for Growth to Linc in Africa. Consequent to acquisition of 60% of shareholding of Gelx through acquisition of 2,56,94,400 equity shares, it will become a subsidiary of Linc.

Linc is one of India’s most trusted writing instrument manufacturers with a national and international presence in over many countries.

Peers
Company Name CMP
DOMS Industries 2087.00
Flair Writing Ind. 233.35
Kokuyo Camlin 76.50
Linc 94.09
Sundaram Multi Pap 1.18
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