Mahindra CIE Automotive gains on allotment of equity shares - The New Indian Express

Mahindra CIE Automotive gains on allotment of equity shares

Published: 20th March 2014 01:19 PM

Last Updated: 20th March 2014 01:19 PM

Mahindra CIE Automotive gained on Thursday after the board of directors of the company has issued and allotted 80,017 equity shares of face value of Rs 10 each under the company's employees' stock option scheme.

Consequent to the above allotment, the paid up capital of the company has been increased from Rs 92,26,04,490 to Rs 92,34,04,660.

Shares of the company gained Rs 1, or 1.4%, to trade at Rs 72.50. The total volume of shares traded was 12,174 at the BSE (12.36 p.m., Thursday).

The scrip has touched an intra-day high of Rs 73.90 and low of Rs 69.35. The total volume of shares traded at the BSE is 12,174.In the earlier session, the shares lost 1.72%, or Rs 1.25, at Rs 71.50.Currently, the stock is trading down 19.4% from its 52-week high of Rs 89.95 and above 104.23% over the 52-week low of Rs 35.50.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 66.85 (3.00) (4.49) 1 Month 40.45 23.40 57.85 3 Months 38.95 24.90 63.93 6 Months 49.45 14.40 29.12 1 Year 50.60 13.25 26.19 Note: Based on previous day closing price.

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