Lippi Systems trades higher on entering into MoU with Image Gravures
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Lippi Systems is currently trading at its upper circuit limit of Rs. 14.51, up by 0.69 points or 4.99% from its previous closing of Rs. 13.82 on the BSE.
The scrip opened at Rs. 13.17 and has touched a high and low of Rs. 14.51 and Rs. 13.17 respectively. So far 1980 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 17.25 on 29-Jul-2021 and a 52 week low of Rs. 6.18 on 07-Apr-2021.
Last one week high and low of the scrip stood at Rs. 14.51and Rs. 11.93 respectively. The current market cap of the company is Rs. 10.16 crore.
The promoters holding in the company stood at 51.68%, while Institutions and Non-Institutions held NA % and 48.32 % respectively.
Lippi Systems has entered into a Memorandum of Understanding (MoU) with Image Gravures, a Partnership Firm for the Sale and Transfer of its Plant & Machineries and Inventories situated at the factory of the Company on as is where is basis (the Assets) for an aggregate consideration of Rs 9.45 crore plus GST and other taxes as applicable.
Lippi Systems is engaged in the manufacture of rotogravure cylinders by Digital Engraving Process for packaging, decorative i.e. laminates & other gravure printing industries.
