Birla Tyres is currently trading at its upper limit of Rs. 23.35, up by 1.10 points or 4.94% from its previous closing of Rs. 22.25 on the BSE.
The scrip opened at Rs. 23.25 and has touched a high and low of Rs. 23.35 and Rs. 23.25 respectively. So far 25531 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 58.10 on 03-Jul-2020 and a 52 week low of Rs. 2.52 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 23.50 and Rs. 22.10 respectively. The current market cap of the company is Rs. 332.95 crore.
The promoters holding in the company stood at 53.13%, while Institutions and Non-Institutions held 3.60% and 38.08% respectively.
Birla Tyres is planning for raising up to Rs 1,100 crore. The company’s board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others.
Birla Tyres is one of the best tyre manufacturers in India.