Satchmo Holdings climbs on incorporating wholly owned subsidiary
Satchmo Holdings is currently trading at Rs. 3.99, up by 0.28 points or 7.55% from its previous closing of Rs. 3.71 on the BSE.
The scrip opened at Rs. 3.65 and has touched a high and low of Rs. 3.99 and Rs. 3.65 respectively. So far 13592 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 6.99 on 26-Aug-2024 and a 52 week low of Rs. 2.80 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 4.30 and Rs. 3.50 respectively. The current market cap of the company is Rs. 58.19 crore.
The promoters holding in the company stood at 44.76%, while Institutions and Non-Institutions held 7.08% and 48.16% respectively.
Satchmo Holdings has incorporated a wholly owned subsidiary company (WOS) in the name of Satchmo Foods on January 28, 2025 to promote the new business of manufacturing, supply, distribution of food products and services.
Earlier, the company had received approval to incorporate wholly owned subsidiary of the Company (Private Company) with the proposed name of ‘Satchmo Foods’ or any other name as may be approved by ROC.
Satchmo Holdings is a real estate developer and has recently changed its objects and has added new lines of business.
