Ddev Plastiks rises on plan of incorporating wholly owned subsidiary in Saudi Arabia
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Ddev Plastiks Industries is currently trading at Rs. 204.70, up by 0.25 points or 0.12% from its previous closing of Rs. 204.45 on the BSE.
The scrip opened at Rs. 205.20 and has touched a high and low of Rs. 208.90 and Rs. 202.50 respectively. So far 17357 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.00 on 08-Sep-2023 and a 52 week low of Rs. 77.27 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 212.50 and Rs. 174.00 respectively. The current market cap of the company is Rs. 2119.20 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 0.37% and 24.78% respectively.
Ddev Plastiks Industries has received board’s approval to incorporate wholly owned subsidiary in the kingdom of Saudi Arabia (KSA), subject to the statutory requirements/approval, with an initial investment of Rs 25 crore. The objective of the incorporation is expansion of operations. The company's Board at its meeting held on April 8, 2024, has approved the same.
