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Ricoh India soars on plan to invest around Rs 250 crore in India

05 Aug 2013 Evaluate

Ricoh India is currently trading at Rs. 45.20, up by 1.40 points or 3.20% from its previous closing of Rs. 43.80 on the BSE.

The scrip opened at Rs. 44.00 and has touched a high and low of Rs. 45.90 and Rs. 44.00 respectively. So far 862 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.85 on 29-Oct-2012 and a 52 week low of Rs. 32.65 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 53.90 and Rs. 43.60 respectively. The current market cap of the company is Rs. 179.75 crore.

The promoters holding in the company stood at 73.60% while Institutions and Non-Institutions held 0.02% and 26.38% respectively. Ricoh India, a subsidiary of the $19-billion Ricoh Company of Japan is likely to spend around Rs 250 crore in India in order to expand business. Out of this, it will invest around Rs 20 crore in its Gandhinagar facility. The company will arrange major part of these funds from internal financing.

Ricoh India is a leading global player in the area of imaging solutions like Digital Plain Paper Copiers, Colour Plain Paper Copiers, Colour & Mono Lazer Printers, Fax machines, Thermal paper etc. The firm had clocked revenue of Rs 633 crore in the 2012-13 fiscal.

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