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Industrial & Prudential Investment Company Ltd.

BSE: 501298 Sector: Financials
NSE: N.A. ISIN Code: INE620D01011
BSE LIVE 12:45 | 17 Nov 1311.00 -19.00
(-1.43%)
OPEN

1320.00

HIGH

1320.00

LOW

1311.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1320.00
PREVIOUS CLOSE 1330.00
VOLUME 40
52-Week high 1499.00
52-Week low 960.00
P/E 32.06
Mkt Cap.(Rs cr) 229
Buy Price 1311.00
Buy Qty 12.00
Sell Price 1355.00
Sell Qty 5.00
OPEN 1320.00
CLOSE 1330.00
VOLUME 40
52-Week high 1499.00
52-Week low 960.00
P/E 32.06
Mkt Cap.(Rs cr) 229
Buy Price 1311.00
Buy Qty 12.00
Sell Price 1355.00
Sell Qty 5.00

Industrial & Prudential Investment Company Ltd. (INDLPRUDINV) - Company History

The Industrial & Prudential Investment Company is a Mumbai based 90-year-old investment company. It is a zero debt company and along with its 100% subsidiary, New Holding & Trading Company has an excellent equity investment portfolio. The company is based in Mumbai, India. In 2000, the company proposed to transfer 17,28,000 shares held by the company's wholly-owned subsidiary, New Holding & Trading Co, to the company by December 15. The company also holds equity in many other companies like Reliance Communication Ltd, Siemens, Dr Reddys, Glaxo, Karur Vysya Bank, TCS, Bharat Electronics, BASF India, and IDBI. Most of the above are long- term investments and the acquisition cost of the total quoted equity held by the company is just around Rs.7.11 crores. Management is very conservative and not known to large scale portfolio churning.