01-01-1970 12:00 AM | Source: Accord Fintech
Hikal inches up on acquiring stakes in Radiance MH Sunrise Two, Radiance MH Sunrise Four
News By Tags | #2574 #642 #572

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Hikal is currently trading at Rs. 395.40, up by 0.35 points or 0.09% from its previous closing of Rs. 395.05 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 401.75 and Rs. 388.70 respectively. So far 42100 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 595.00 on 06-Jan-2022 and a 52 week low of Rs. 215.65 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 404.45 and Rs. 351.80 respectively. The current market cap of the company is Rs. 4877.16 crore.

The promoters holding in the company stood at 68.77%, while Institutions and Non-Institutions held 5.64% and 25.59% respectively.

Hikal has acquired 12,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Two on December 12, 2022. The acquisition of 26% of the paid-up share capital is to meet the captive consumer requirement as per the Electricity Act, 2003. The company has also acquired 33,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Four on December 12, 2022.

Hikal is a leading manufacturer and supplier of API's and intermediates globally.