Moneycontrol
Nov 22, 2012 10:53 AM IST | Source: Moneycontrol.com

EGoM clears 4% divestment in Hind Copper; stock down 2%

Empowered Group of Ministers (EGoM) has cleared 4% divestment in Hindustan Copper. The divestment will happen in 1-2 days and in 2 tranches. The remaining 5.59% divestment will be done at a later stage, reports CNBC-TV18.

 
 
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Empowered Group of Ministers (EGoM) has cleared 4% divestment in Hindustan Copper. The divestment will happen in 1-2 days and in 2 tranches. The remaining 5.59% divestment will be done at a later stage, reports CNBC-TV18.


At 09:29 hrs Hindustan Copper was quoting at Rs 233.95, down Rs 5.25, or 2.19%. It has touched an intraday high of Rs 241.50 and an intraday low of Rs 222.
 
It was trading with volumes of 55,687 shares. In the previous trading session, the share closed down 3.86% or Rs 9.60 at Rs 239.20.


The share touched its 52-week high Rs 320.00 and 52-week low Rs 146.25 on 02 February, 2012 and 20 December, 2011, respectively.
 
Currently, it is trading 26.89% below its 52-week high and 59.97% above its 52-week low.
 
Market capitalisation stands at Rs 21,645.48 crore.

The company's trailing 12-month (TTM) EPS was at Rs 2.42 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 96.63. The latest book value of the company is Rs 15.11 per share. At current value, the price-to-book value of the company was 15.48. The dividend yield of the company was 0.43%.

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