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Wednesday, 18 January 2017

Hinduja Ventures, promoted by Hinduja Group is trading strong on the bourses. The stock of the company has gained 3% intraday. It has largely surged on the divestment news of the company. The stock has seen a spurt in volumes. The decision to divest was taken last year. On a YoY basis, the stock has given a return of 29%. P/E of the stock currently stands at 10.11. On a YoY basis, the stock has outperformed the Small-cap index.

During the same period, the Small-cap index has surged by 15.38%.  In the last three years on an annualised basis, the stock has given a return of 21.58%. There is only one fund house which has invested in the stock of the company. Birla Mutual Fund has invested 0.004% of equity capital in the company.
Hinduja Ventures Ltd is currently trading at Rs 504.8, up by Rs 8.7 or 1.75% from its previous closing of Rs 496.1 on the BSE. The scrip opened at Rs 511 and has touched a high and low of Rs 511 and Rs 503.1 respectively. So far 9838(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1019.76 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 600.7 on 01-Nov-2016 and a 52 week low of Rs 365.1 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 519 and Rs 495.6 respectively.

The promoters holding in the company stood at 70.82 % while Institutions and Non-Institutions held 4.69 % and 24.49 % respectively. The stock is currently trading below its 50 DMA.

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