Comfort Intech rises on making investment in Liquors India
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Comfort Intech is currently trading at Rs. 8.39, up by 0.15 points or 1.82% from its previous closing of Rs. 8.24 on the BSE.
The scrip opened at Rs. 8.39 and has touched a high and low of Rs. 8.39 and Rs. 8.39 respectively. So far 138958 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.17 on 17-Oct-2023 and a 52 week low of Rs. 2.34 on 21-Mar-2023.
Last one week high and low of the scrip stood at Rs. 9.03 and Rs. 8.24 respectively. The current market cap of the company is Rs. 268.43 crore.
The promoters holding in the company stood at 57.46%, while Non-Institutions held 42.54% stake in the company.
Comfort Intech has made an investment in equity shares of Liquors India (LIL) offered through the Right Issue. Pursuant to the said investment, Liquors India, which is an associate company within the meaning of Section 2(6) of the Companies Act, 2013 (the Act), has become subsidiary of the Company with the meaning of Section 2(87) of the Act. Post allotment of shares through right issue, Comfort Intech will hold 65.30% of shareholding in LIL.
Comfort Intech is presently engaged in capital market operations, investments, finance and software activities.
