KS Oils soars on getting nod to raise Rs 250 crore via QIP

01 Dec 2011

KS Oils is currently trading at Rs 6.82, up by 0.20 points or 3.02% from its previous closing of Rs 6.62 on the BSE.

The scrip opened at Rs 6.70 and has touched a high and low of Rs 6.94 and Rs. 6.70 respectively. So far 1200643 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 49.80 on 15-Dec-2010 and a 52 week low of Rs 6.55 on 30-Nov-2011.

Last one week high and low of the scrip stood at Rs 7.25 and Rs 6.55 respectively. The current market cap of the company is Rs 281.62 crore.

The promoters holding in the company stood at 9.10% while Institutions and Non-Institutions held 8.97% and 71.39% respectively.  

KS Oils has received an approval to raise funds up to Rs 250 crore through Qualified Institutional Placement (QIP). The board at its meeting held on November 29, 2011 has approved for the same.

KS Oils manufactures mustard oil, soybean oil, palm oil and vanaspati.  It is leader in mustard oil in India and commands 7% market share in the overall mustard oil segment with a dominant 25% market leadership in branded mustard oil.

Related KS Oils Ltd. Links:
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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