Prevest Denpro trdes higher on incorporating wholly owned subsidiary
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Prevest Denpro is currently trading at Rs. 425.50, up by 6.80 points or 1.62% from its previous closing of Rs. 418.70 on the BSE.
The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 425.50 and Rs. 420.00 respectively. So far 3200 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 494.50 on 09-Sep-2022 and a 52 week low of Rs. 260.95 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 434.35 and Rs. 399.00 respectively. The current market cap of the company is Rs. 510.73 crore.
The promoters holding in the company stood at 73.60%, while Institutions and Non-Institutions held 1.25% and 25.14% respectively.
Prevest Denpro has incorporated a wholly owned subsidiary company namely Denvisio Biomed. The objective of incorporation is to carry on the business of Sales, Marketing, business is outside the main line of business distribution, trading, and manufacturing and providing Consultancy of and for Dental, Medical, Surgical Devices, Instruments and Equipments, Dental materials etc.
Another objective is to import, Export and to act as consignor, consignee, or agent to sell Dental, Medical, Surgical Devices, Instruments and Equipment’s, Dental materials etc. for self or others on principal-to principal basis or otherwise.
Prevest Denpro manufactures and markets a range of dental materials for diagnosing, treating, and preventing dental conditions and improving the aesthetics of the human smile.
