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Industrial & Prudential Investment Company Ltd.

BSE: 501298 Sector: Financials
NSE: N.A. ISIN Code: INE620D01011
BSE 00:00 | 16 Jul 1201.00 -55.00
(-4.38%)
OPEN

1249.95

HIGH

1249.95

LOW

1201.00

NSE 05:30 | 01 Jan Industrial & Prudential Investment Company Ltd
OPEN 1249.95
PREVIOUS CLOSE 1256.00
VOLUME 263
52-Week high 1499.00
52-Week low 1147.00
P/E 25.44
Mkt Cap.(Rs cr) 210
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1249.95
CLOSE 1256.00
VOLUME 263
52-Week high 1499.00
52-Week low 1147.00
P/E 25.44
Mkt Cap.(Rs cr) 210
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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.