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The stock of Pilani Investment and Industries Corp Ltd, the investment vehicle of the B K Birla group, touched its 52-week low on Tuesday at Rs 1,400 on the NSE and Rs 1,395 on the BSE. The stock’s 52-week high is Rs 1,994.
Pilani’s major holdings include Century Textiles (36.78 per cent), Grasim Industries (4.69 per cent), Hindalco Industries (1.52 per cent) and Kesoram Industries (5.28 per cent).
At session’s close, the counter finished at Rs 1,420, still down around one per cent. The recovery was mainly due to the company reporting an EPS (earning per share) of Rs 70 in the October-December quarter of the current fiscal against a negative EPS of Rs 4.78 in the comparable quarter in the last fiscal.
The total public shareholding in the company stands at 42.45 per cent including the stake of the M P Birla group.
Comfort Intech Ltd, one of the shareholders since 2011-12, had been increasing its holding in the past few quarters.
Currently it holds 3.12 per cent stake in Pilani. It happened after Comfort Intech bought over the stake of Anand Rathi Global Finance Ltd in the third quarter (October-December) this fiscal.
jayanta.mallick@thehindu.co.in
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