Indrayani Biotech hits new 52-week high on the bourses
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Indrayani Biotech is currently trading at Rs. 105.40, up by 5.00 points or 4.98% from its previous closing of Rs. 100.40 on the BSE.
The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 105.40 and Rs. 98.90 respectively. So far 439789 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.40 on 14-Sep-2022 and a 52 week low of Rs. 18.40 on 03-Mar-2022.
Last one week high and low of the scrip stood at Rs. 105.40 and Rs. 86.55 respectively. The current market cap of the company is Rs. 360.75 crore.
The promoters holding in the company stood at 44.91%, while Institutions and Non-Institutions held 22.04% and 33.05% respectively.
Indrayani Biotech has incorporated a subsidiary company, under section 8 of Companies Act, 2013, in the name of ‘IBL Social Foundation’ on September 09, 2022, as per the records available with master data of Ministry of Corporate Affairs (MCA) portal and the Certificate of Incorporation of the said subsidiary has been received on September 11, 2022.
The company is incorporated as a non-profit organization for implementing Social Welfare Activities in various fields. The company will hold 99.92% shareholding in the entity and subscribed to 9992 equity shares at face value of Rs 10 each aggregating to Rs 99,920.
Indrayani Biotech is a company belonging to food sector. They are a part-finance its project to produce cut flowers, strawberries, tissue culture plantlets and hybrid vegetable seeds. The company also markets and distributes hybrid vegetable seeds manufactured by Hoechst India. It plans to produce these seeds for Hoechst in due course of time.
