Ramky Infrastructure is currently trading at its upper circuit limit of Rs. 38.30, up by 1.80 points or 4.93% from its previous closing of Rs. 36.50 on the BSE.
The scrip opened at Rs. 38.30 and has touched a high and low of Rs. 38.30 and Rs. 37.00 respectively. So far 60898 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.70 on 15-May-2013 and a 52 week low of Rs. 30.15 on 19-Feb-2014.
Last one week high and low of the scrip stood at Rs. 38.30 and Rs. 32.60 respectively. The current market cap of the company is Rs. 215.64 crore.
The promoters holding in the company stood at 67.76% while Institutions and Non-Institutions held 4.47% and 27.77% respectively.
In a bid to trim down its debt, Ramky Infrastructure is looking to divest stake in 3 road assets. The three road assets up for sale are situated in Andhra Pradesh. Moreover, the company has appointed merchant bankers for assets monetization.
The monetization of road assets will bring down debt by Rs 700 crore. The company’s current debt stands at Rs 1,200 crore.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
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