Izmo moves up on getting nod to incorporate Wholly Owned Subsidiary
IZMO is currently trading at Rs. 268.80, up by 2.80 points or 1.05% from its previous closing of Rs. 266.00 on the BSE.
The scrip opened at Rs. 268.80 and has touched a high and low of Rs. 268.80 and Rs. 268.80 respectively. So far 630 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.10 on 16-Nov-2023 and a 52 week low of Rs. 69.55 on 07-Feb-2023.
Last one week high and low of the scrip stood at Rs. 269.25 and Rs. 258.75 respectively. The current market cap of the company is Rs. 361.38 crore.
The promoters holding in the company stood at 28.56%, while Institutions and Non-Institutions held 1.17% and 70.28% respectively.
Izmo has received approval for proposal to incorporate a Wholly Owned Subsidiary (WOS) Company with the name ‘Izmo Microsystems’ or such other name made available by the Central Registration Centre (CRC)-Delhi, India inter-alia to cater to the needs of new technology in rapidly growing market for Electric Vehicles and other automotive needs. The Board of Directors of the Company at its duly held meeting on December 06, 2023 has inter alia approved the same.
Izmo is the world leader in interactive marketing solutions.
