7NR Retail rises on acquiring 8.62% stake in Magenta Lifecare
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7NR Retail is currently trading at Rs. 0.67, up by 0.01 points or 1.52% from its previous closing of Rs. 0.66 on the BSE.
The scrip opened at Rs. 0.66 and has touched a high and low of Rs. 0.67 and Rs. 0.66 respectively. So far 143105 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.86 on 20-Sep-2022 and a 52 week low of Rs. 0.57 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 0.72 and Rs. 0.65 respectively. The current market cap of the company is Rs. 18.76 crore.
The promoters holding in the company stood at 24.67%, while Non-Institutions held 75.33% stake in the company.
7NR Retail has acquired 8.62% stake in Magenta Lifecare, a company operating in Business of Mattresses and Pillows based in Vadodara, Gujarat. With this investment, 7NR Retail aims to enter into the business of home décor products like mattresses and pillows. This is first step by 7NR Retail towards the business of home decor.
The company is engaged in the business of trading of apparels in the wholesale and retail segments. 7NRR operates and manages four retail stores exclusively for kids apparel brand ‘Gini & Jony’ across the state of Gujarat. It is also selling shirting and suiting under wholesale segment.
