Supreme Holdings & Hospitality surges on incorporating wholly owned subsidiary
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Supreme Holdings & Hospitality (India) is currently trading at Rs. 51.75, up by 1.05 points or 2.07% from its previous closing of Rs. 50.70 on the BSE.
The scrip opened at Rs. 51.50 and has touched a high and low of Rs. 52.80 and Rs. 49.35 respectively. So far 1876 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.80 on 25-Apr-2022 and a 52 week low of Rs. 9.44 on 02-Nov-2021.
Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 46.10 respectively. The current market cap of the company is Rs. 179.87 crore.
The promoters holding in the company stood at 57.86%, while Non-Institutions held 42.14% stake in the company.
Supreme Holdings & Hospitality (India) has incorporated Wholly Owned Subsidiary (WOS) namely ‘Belmaac City Developers’. The wholly-owned subsidiary is incorporated to carry out the business of construction. The company will hold entire 100% stake in Belmaac City Developers and has subscribed to 1 lakh equity shares of face value of Rs 10 each, aggregating to Rs 10 lakh.
Supreme Holdings & Hospitality (India) is engaged in development of commercial and residential projects.
