Rose Merc soars on signing MoU with AM Corporate
Rose Merc is currently trading at Rs. 67.00, up by 1.95 points or 3.00% from its previous closing of Rs. 65.05 on the BSE.
The scrip opened at Rs. 66.90 and has touched a high and low of Rs. 67.00 and Rs. 66.50 respectively. So far 1386 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.45 on 07-Oct-2024 and a 52 week low of Rs. 41.01 on 27-Jun-2025.
Last one week high and low of the scrip stood at Rs. 70.98 and Rs. 64.15 respectively. The current market cap of the company is Rs. 38.19 crore.
The promoters holding in the company stood at 0.13%, while Non-Institutions held 99.87% stake in the company.
Rose Merc has signed a Memorandum of Understanding (MoU) with AM Corporate to foster mutual collaboration. This partnership aims to leverage each company’s strengths in client introductions, strategic networking, and capital market activities to accelerate business expansion and innovation.
Under the MoU, the two companies will collaborate on Facilitating targeted introductions to prospective clients and key decision-makers to build new business relationships; Joint promotional engagements to enhance visibility and engagement in relevant markets; and Supporting fund-raising efforts, including preparation of investment documents and introductions through its associate companies like Capital Square Advisors Pvt Ltd to High Net-Worth Individuals (HNIs), Venture Capitalists (VCs), Family Offices, and Strategic Investors.
Rose Merc is a dynamic company which is present as an e-commerce website, the company is now primarily into the trade of naturally occurring precious elements such as gem stones, gold, silver, rudhraksha, and more.
