/ TRC Financial Services Gets Open Offer Stock Up By 5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 23 January 2017

TRC Financial Services Ltd has reacted sharply, after receiving an open offer from Jupiter Capital for acquiring upto 13,00,234 equity shares. The said number of shares represent 26% of its total paid up capital. A total of Rs 2,34,04,212 crore would be required by the acquirer to fund this open offer. TRC Financial Services has also clarified that the acquirer company has enough internal resources to fund the offer.

The stock of TRC Financial locked itself in the upper circuit at Rs 3.78. It is currently trading with a P/E of 118.15.

Franklin Templeton Mutual Fund is the only fund house which has invested in the stock of the company. TRC Financial Services Ltd is currently trading at Rs 3.78, up by Rs 0.18 or 5% from its previous closing of Rs 3.6 on the BSE. The scrip opened at Rs 3.78 and has touched a high and low of Rs 3.78 and Rs 3.78 respectively. So far 1(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1.8 crore.

The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 3.6 on 20-Jan-2017 and a 52 week low of Rs 1.71 on 10-Feb-2016. Last one week high and low of the scrip stood at Rs 3.6 and Rs 3.15 respectively. The promoters holding in the company stood at 57.91 % while Institutions and Non-Institutions held 2.18 % and 39.9 % respectively. The stock is currently trading above its 200 DMA.

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