Gravita India Marches Over 9% Declares Dividend

Shares of Gravita India Ltd is marching ahead on BSE and the stock has already crossed 9% in the early hours of trade. The shares started their day at Rs 86.00 per share which is also its high and a low of Rs 79.55 per equity share.

The board of directors of the company today has declared a final dividend of Rs 0.60 per share of face value of Rs 2 each for the financial year 2016-17 subject to the approval in the AGM.

The stock has traded on a fresh 52 -week high of Rs 86 per share in BSE and NSE. The stock has attracted a trading volume of 17,34,645 shares and the traded value of Rs 1418.94 lakh on NSE on today’s trade. Gravita India Ltd is currently trading at Rs 81.75, up by Rs 7.95 or 10.77% from its previous closing of Rs 73.8 on the BSE.

The scrip opened at Rs 86 and has touched a high and low of Rs 86 and Rs 79.55 respectively. So far 2707682(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 505.61 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 75.4 on 11-May-2017 and a 52 week low of Rs 16 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 75.4 and Rs 64.9 respectively. The promoters holding in the company stood at 73.06 % while Institutions and Non-Institutions held 4.78 % and 22.16 % respectively. The stock is currently trading above its 50 DMA.

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About Suhani Varma