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01-Aug2016

McDowell Holdings marginally gains on the bourses

 Mcdowell Holdings is currently trading at Rs. 31.00, up by 0.10 points or 0.32% from its previous closing of Rs. 30.90 on the BSE.

The scrip opened at Rs. 31.75 and has touched a high and low of Rs. 33.00 and Rs. 30.90 respectively. So far 45785 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.00 on 08-Jul-2016 and a 52 week low of Rs. 21.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 31.95 and Rs. 29.05 respectively. The current market cap of the company is Rs. 43.52 crore.

The promoters holding in the company stood at 17.99%, while Institutions and Non-Institutions held 21.18% and 60.83% respectively.

McDowell Holdings has decided to surrender its certificate of registration (CoR) to operate as a Non-Banking Financial Company (NBFC). The board of directors of the company in its meeting held on July 28, 2016 has approved for the same. The company would continue its business activities as a Core Investment Company.

McDowell Holdings is an India-based financing/investment holding, non-banking (non-deposit accepting) financial company. The company is engaged in the business of investment and financing.

 


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