Dev Labtech Venture touches roof on signing MoU with Government of Gujarat
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Dev Labtech Venture is currently trading at upper limit of Rs. 99.72, up by 4.74 points or 4.99% from its previous closing of Rs. 94.98 on the BSE.
The scrip opened at Rs. 99.72 and has touched a high and low of Rs. 99.72 and Rs. 99.50 respectively. So far 26000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.80 on 10-Nov-2023 and a 52 week low of Rs. 47.70 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 100.50 and Rs. 90.65 respectively. The current market cap of the company is Rs. 82.48 crore.
The promoters holding in the company stood at 68.01%, while Non-Institutions held 31.99% stake in the company.
Dev Labtech Venture has signed Memorandum of Understanding (MoU) with Government of Gujarat in the Vibrant Gujarat 2024 Summit the for the purpose of growth and expansion of the Business of the Company in the existing line of business of Lab Grown Diamond Manufacturing, natural diamonds and Gems and Jewellery Sector. The proposed investment is of Rs 102 crore, Proposed Employment is 500, Proposed Project Location is Surat, Gujarat, India and year of Commencement will be 2026.
Dev Labtech Venture is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery.
