/ Manaksia Gets Incorporation Certificate In Africa Stocks Down Marginally ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 10 January 2017


Manaksia Industries on May 28, 2016 had informed the stock exchanges that the board of directors of the company had given in-principle approval for incorporation of wholly owned subsidiary company in Nigeria, Africa. The company had acquired the Certificate of Incorporation dated December 30, 2016, which was received by the company on January 6, 2017.

Manaksia is a multi-division and multi-location conglomerate. It possesses 17 manufacturing plants in India and 4 abroad; 2 in Nigeria, 1 in Ghana and 1 in Georgia. The stock has outperformed the BSE Small-cap index & the  BSE FMCG index. In a year the stock has delivered 19% returns.

Over a period of 3 years, the stock has delivered -4.37% returns and over a period of 5 years the stock has delivered 4.15%. Manaksia Ltd is currently trading at Rs 56.7, down by Rs 0.1 or 0.18% from its previous closing of Rs 56.8 on the BSE.

The scrip opened at Rs 57 and has touched a high and low of Rs 58 and Rs 56.7 respectively. So far 23654(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 372.32 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 65.75 on 04-Nov-2016 and a 52 week low of Rs 35.35 on 24-Feb-2016. Last one week high and low of the scrip stood at Rs 62.2 and Rs 50.55 respectively. The promoters holding in the company stood at 62.95 % while Institutions and Non-Institutions held 0.02 % and 37.02 % respectively. The stock is currently trading above its 50 DMA.
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