The government is expected to take a decision tomorrow on a proposal for the revival of Scooters India Ltd.
"In the last Cabinet meeting, the proposal was deferred due to the absence of Heavy Industries and Public Enterprises Minister Praful Patel in the meeting. Now, it will be taken up at tomorrow's meeting," a source said.
After the government shelved the plan to sell its entire stake in the state-owned firm, the Department of Heavy Industries (DHI) had proposed a revival package of more than Rs 200 crore.
Govt likely to infuse Rs 200 cr in Scooters India
Scooters India stock price
On November 27, 2015, Scooters India closed at Rs 28.30, down Rs 0.1, or 0.35 percent. The 52-week high of the share was Rs 35.45 and the 52-week low was Rs 21.75.
The company's trailing 12-month (TTM) EPS was at Rs 1.17 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 24.19. The latest book value of the company is Rs 10.92 per share. At current value, the price-to-book value of the company is 2.59.
Set email alert for
ADS BY GOOGLE
video of the day
Dont see mkt going anywhere now; like Bharat Forge: Dipen