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Shantivijay Jewels plunges on its promoters' plan to sell stake to comply with SEBI norms

23 May 2013 Evaluate

Shantivijay Jewels is currently trading at Rs. 113.50, down by 5.50 points or 4.62% from its previous closing of Rs. 119.00 on the BSE.

The scrip opened at Rs. 113.50 and has touched a high and low of Rs. 113.50 and Rs. 113.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 28-Mar-2013 and a 52 week low of Rs. 67.55 on 11-May-2012.

Last one week high and low of the scrip stood at Rs. 119.00 and Rs. 119.00 respectively. The current market cap of the company is Rs. 34.07 crore.

The promoters holding in the company stood at 93.10% while Non-Institutions held 6.90%.

Shantivijay Jewels’ promoters Pradeep Kumar Godha and Rajrani Godha are planning to reduce stake in the company to comply with the Securities and Exchange Board of India (SEBI) norms on minimum public share holding requirements.

The company’s promoters will sell an aggregate of 5,45,000 equity shares of face value Rs 10 each constituting 18.15% of the equity share capital of the company on May 24, 2013.

Peers
Company Name CMP
Titan Co 4362.85
Kalyan Jewell.India 413.40
Rajesh Exports 120.45
Senco Gold 335.75
Thangamayil Jeweller 3985.95
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