Introduction:
Electric equipment stock plans a pivotal board meeting to migrate from the BSE SME platform to the main boards of BSE and NSE on December 17, 2024. The meeting will include appointing a scrutinizer for the postal ballot process, ensuring transparency during this significant transition.
Share Price movement of RMC Switchgears :
On Dec 13, RMC Switchgears Ltd (BSE:540358) stock price today moved between a high of ₹1100 and a low of ₹1045, currently priced at ₹1059.85 after opening at ₹1080. This marks a 1.10% increase from its previous close of ₹1048.35. The market capitalization stands at ₹1087.22 crores.
RMC Switchgears share price rise:
RMC Switchgears Limited has announced a board meeting for December 17, 2024, via video conferencing in Jaipur. The agenda includes considering the migration of the company’s shares from the SME Platform of BSE Limited to the Main Board of both BSE and NSE.
The board will also appoint a scrutinizer to ensure a transparent and fair postal ballot process, and they will approve the draft notice and schedule for the postal ballot. These steps are pivotal for the company’s proposed listing transition.
Additionally, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, the trading window for the company’s shares will remain closed from December 13, 2024, until 48 hours after the meeting concludes. This measure is to prevent insider trading during this critical period.
Recent news About RMC Switchgears :
On November 11, 2024, RMC Switchgears’ stock rose by 5% to ₹769.10 after signing an MoU with the Rajasthan Government to build the state’s first 1,000 MW Ultra Mega Solar Park with integrated storage in Jaipur, marking a significant expansion into renewable energy.
Ace investor holding of RMC Switchgears :
Rashmi Rani Pahwa, an ace investor, holds a 1.86% stake in RMC Switchgears Ltd., totaling 1,92,000 shares. The current market value of her investment is ₹20.4 crores.
Vikram Karnawat is another prominent investor with a 1.82% share in RMC Switchgears Ltd., owning 1,87,125 shares. His investment’s present market value stands at ₹19.8 crores.
Stock performance of RMC Switchgears for Period of 1 week, 6 months and 1 year:
RMC Switchgears Ltd. has demonstrated a robust performance over various periods. In just one week, the stock returned 12.8%. Over the last six months, the returns have been impressive at 80.7%. Extending to a full year, the stock has yielded a substantial return of 73.5%.
Also Read: LG Electronics IPO: Important things to know before the IPO launch
Shareholding pattern of RMC Switchgears :
| Summary | Sep-24 | Mar-24 | Oct 17, 2023 |
| Promoter | 52.90% | 52.90% | 52.90% |
| FII | 3.40% | 2.70% | 0.70% |
| DII | 0.90% | 0.80% | 0.80% |
| Public | 42.80% | 43.60% | 45.50% |
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About RMC Switchgears:
RMC Switchgears Ltd. specializes in manufacturing electrical switchgear products, catering to diverse sectors including infrastructure, power, and real estate. The company is known for its innovative solutions and commitment to quality, enhancing safety and efficiency in electrical systems.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
