KDDL surges on incorporating subsidiary company
KDDL is currently trading at Rs. 3255.35, up by 110.40 points or 3.51% from its previous closing of Rs. 3144.95 on the BSE.
The scrip opened at Rs. 3190.35 and has touched a high and low of Rs. 3294.00 and Rs. 3111.95 respectively. So far 435 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3801.50 on 13-Sep-2024 and a 52 week low of Rs. 2048.60 on 14-Feb-2025.
Last one week high and low of the scrip stood at Rs. 3294.00 and Rs. 2853.55 respectively. The current market cap of the company is Rs. 3994.25 crore.
The promoters holding in the company stood at 50.43%, while Institutions and Non-Institutions held 11.16% and 38.42% respectively.
KDDL has incorporated a subsidiary company named as ‘Artisan Watch Products’. The company has undertaken to subscribe 80% of the shareholding in the new entity viz. Artisan Watch Products. Artisan Watch Products is yet to start its commercial operations.
KDDL engages in the manufacture and trade of watches and its components in India, Switzerland, and Hong Kong.
