Rane Holdings is currently trading at Rs. 2109.60, up by 40.60 points or 1.96% from its previous closing of Rs. 2069.00 on the BSE.
The scrip opened at Rs. 2078.70 and has touched a high and low of Rs. 2140.95 and Rs. 2069.60 respectively. So far 3582 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2575.90 on 10-Sep-2024 and a 52 week low of Rs. 1028.15 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 2447.25 and Rs. 2040.00 respectively. The current market cap of the company is Rs. 3053.74 crore.
The promoters holding in the company stood at 46.57%, while Institutions and Non-Institutions held 2.26% and 51.17% respectively.
Rane Holdings has acquired the entire balance 51% equity stake in the joint venture company viz. Rane NSK Steering Systems (RNSS) from NSK, Japan (NSK) on September 19, 2024. Pursuant to the acquisition, RNSS has become a Wholly Owned Subsidiary (100%) of the Company and would be renamed as Rane Steering Systems.
Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development & information systems support.
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