Piramal Glass hits the roof on delisting plan

Piramal Glass was locked at 20% upper circuit at Rs 92.80 at 11:31 IST on BSE after the company's board approved delisting of shares from the stock exchanges.

The announcement was made during market hours today, 10 February 2014.Meanwhile, the BSE Sensex was up 2.15 points or 0.01% to 20,378.71On BSE, so far 20,318 shares were traded in the counter with pending buy orders of 5.72 lakh shares at upper circuit.The stock has an average daily volume of 5,202 shares in the past one quarter.

The stock opened with upward gap, gaining by the maximum 20% daily circuit and remained locked at the 20% level at Rs 92.80 so far during the day. The stock hit a 52-week high of Rs 106 on 30 September 2013. The stock hit a 52-week low of Rs 67.50 on 3 February 2014.

The stock had underperformed the market over the past one month till 7 February 2014, falling 9.27% compared with the Sensex's 1.53% fall. The scrip had also underperformed the market in past one quarter, sliding 13.82% as against Sensex's 2.14% fall.

The small-cap company has an equity capital of Rs 80.91 crore. Face value per share is Rs 10.

Piramal Glass said that the company's board of directors at its meeting held today, 10 February 2014 approved voluntary delisting of equity shares of the company from the stock exchanges. Total promoter holding stood at 74.16% in Piramal Glass (as per the shareholding pattern as on 31 December 2013).

Read more here.

600450 Piramal Glass hits the roof on delisting plan glassonweb.com

See more news about:

Others also read

This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
For overview analysis, the report introduces Fire Glass basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc   Browse Full Report With TOC @ http://www.radiantinsights.com/research/global-fire-glass-industryFor international and China market analysis, the report analyzes Fire Glass markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting research on global products of different types and applications developments and trends of market, technology, and competitive landscape, and leading suppliers and countries’ 2009-2014 capacity, production, cost, price, profit, production value, and gross margin.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.

Add new comment