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Denso India is currently trading at its upper circuit limit of Rs. 55.50, up by 2.60 points or 4.91% from its previous closing of Rs. 52.90 on the BSE.
The scrip opened at Rs. 55.50 and has touched a high and low of Rs. 55.50 and Rs. 55.50 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.80 on 02-May-2012 and a 52 week low of Rs. 36.50 on 08-Feb-2013.
Last one week high and low of the scrip stood at Rs. 55.50 and Rs. 45.05 respectively. The current market cap of the company is Rs. 154.73 crore.
The promoters holding in the company stood at 73.46% while Institutions and Non-Institutions held 7.26% and 19.27% respectively.
Denso India has received a letter from Denso Corporation, Japan, one of the Company’s promoters, informing the Company of its decision to voluntarily delist the Company’s Equity Shares from the stock exchanges on which they are presently listed, being the BSE Limited, Delhi Stock Exchange and Madras Stock Exchange in accordance with the Securities and Exchange Board of India Regulations, 2009 by making a delisting offer to the public shareholders to acquire upto 7,398,019 Equity Shares held by public shareholders in the Company representing 26.54% of the paid-up equity share capital of the Company.
The Promoter presently holds 13,362,091 Equity Shares in the Company, representing 47.93% of the paid-up equity share capital of the Company. Further, the Equity Shares of the Company are permitted to be traded by National Stock Exchange of India (NSE).
As per the notice received from the promoter, the objective of the Delisting Proposal is to increase ownership in the Company, which will provide the promoter with increased operational flexibility to support the Company’s business; and to provide an exit opportunity to the public shareholders of the Company, given the low liquidity in the Equity Shares of the Company.
Denso is a leading global supplier of advanced automotive technology, systems and components, for all the world's major automakers. With over 120,000 employees in more than 33 countries, their global turnover places them amongst some of the largest companies in the world.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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