Competent Automobiles jumps as company to acquire stake in Raj Chopra & Company
Competent Automobiles Company is currently trading at Rs. 201.25, up by 8.75 points or 4.55% from its previous closing of Rs. 192.50 on the BSE.
The scrip opened at Rs. 196.90 and has touched a high and low of Rs. 203.00 and Rs. 196.90 respectively. So far 1970 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 220.00 on 24-Nov-2021 and a 52 week low of Rs. 140.00 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 204.00 and Rs. 185.30 respectively. The current market cap of the company is Rs. 122.80 crore.
The promoters holding in the company stood at 74.92%, while Non-Institutions 25.08% stake in the company.
Competent Automobiles Company has invested in a company, Raj Chopra & Company (RCCPL) to subscribe and acquire 6.44% of paid-up capital of RCCPL. RCCPL is coming up with its second Five Star Hotel Project in GOA, India and with this investment, the Company will consolidate its holding in the RCCPL.
Competent Automobiles Company is engaged in the automobile business.