Supreme Holdings hits upper circuit in early deals
ETMarkets.com|
Updated: Dec 05, 2017, 10.17 AM IST
Shares of Supreme Holdings & Hospitality (India) hit upper circuit in early trade on Tuesday after the company on Monday informed bourses that it has entered into a facility agreement on 02 December 2017 with Altico Capital India for availing term loan of up to Rs 110 crore. The funds will be utilised for general corporate purpose and for construction and development of Pune residential project, ' Belmac Residences'.
The scrip surged 4.94 per cent to Rs 14.87 on Tuesday. Shares of the company had hit 52-week high of Rs 34 on May 24, 2017 and 52-week low of Rs 12.35 on November 24, 2017.
For the quarter ended June 30, 2017, the company reported a net profit of Rs 0.43 crore against net loss of Rs 0.05 crore in the same quarter last year. The company is yet to announce its financial results for July-September period.
The company is primarily engaged in hospitality and construction of commercial and residential complex activities. Its projects include Belmac Residences in Pune and NAINA in Panvel.
The scrip surged 4.94 per cent to Rs 14.87 on Tuesday. Shares of the company had hit 52-week high of Rs 34 on May 24, 2017 and 52-week low of Rs 12.35 on November 24, 2017.
For the quarter ended June 30, 2017, the company reported a net profit of Rs 0.43 crore against net loss of Rs 0.05 crore in the same quarter last year. The company is yet to announce its financial results for July-September period.
The company is primarily engaged in hospitality and construction of commercial and residential complex activities. Its projects include Belmac Residences in Pune and NAINA in Panvel.
