Rane Holdings is currently trading at Rs. 877.75, up by 27.45 points or 3.23% from its previous closing of Rs. 850.30 on the BSE.
The scrip opened at Rs. 865.00 and has touched a high and low of Rs. 880.05 and Rs. 865.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 984.00 on 15-Sep-2016 and a 52 week low of Rs. 500.00 on 06-Apr-2016.
Last one week high and low of the scrip stood at Rs. 894.70 and Rs. 850.00 respectively. The current market cap of the company is Rs. 1,253.23 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 14.02% and 39.58% respectively.
Rane Holdings has received its board’s approval to set up a wholly owned subsidiary (WOS) in Germany under the name and style of Rane Holdings Europe GmbH. The WOS would provide business development and other related support services for Rane group companies in the European region. The Strategy and lnvestment Committee of the Board of Directors, at its meeting held on March 9, 2017, has approved the same.
Rane Holdings (RHL) is the holding company of Rane Group. RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development and Information systems support.