Sumedha Fiscal Services trades higher on BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Sumedha Fiscal Services is currently trading at Rs. 52.95, up by 0.14 points or 0.27% from its previous closing of Rs. 52.81 on the BSE.
The scrip opened at Rs. 52.30 and has touched a high and low of Rs. 54.34 and Rs. 51.85 respectively. So far 5337 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.99 on 05-May-2023 and a 52 week low of Rs. 35.99 on 25-Sep-2023.
Last one week high and low of the scrip stood at Rs. 55.79 and Rs. 51.85 respectively. The current market cap of the company is Rs. 42.29 crore.
The promoters holding in the company stood at 49.57%, while Institutions and Non-Institutions held 0.09% and 50.34% respectively.
Sumedha Fiscal Services has entered into an investment agreement on February 20, 2024 to acquire 382 equity shares of Rs 10 each at premium of Rs 19,617 each aggregating to Rs 74,97,514 by subscribing to the private placement offer of Icapo Tech (ICPL).
As a part of investment activity, the Company aims to invest to earn good returns and financially assist ICPL in building hardware technology products. The acquisition will be completed on or before March 31, 2024. ICPL is engaged in business to build hardware technology products using extensive research on customer end and product development and create finished tech products from protypes which can be used in market by real customers.
Sumedha Fiscal Services is a front ranking financial services Company incorporated in the year 1989.
