Lippi Systems hits new 52-week high on the BSE

Lippi Systems is currently trading at Rs. 18.30, up by 0.76 points or 4.33% from its previous closing of Rs. 17.54 on the BSE.

The scrip opened at Rs. 18.30 and has touched a high and low of Rs. 18.41 and Rs. 18.30 respectively. So far 3215 shares were traded on the counter.

The BSE group ‘XT’ stock of face value Rs. 10 has touched a 52 week high of Rs. 18.41 on 29-Dec-202a1 and a 52 week low of Rs. 6.18 on 07-Apr-2021.

Last one week high and low of the scrip stood at Rs. 18.41 and Rs. 14.26 respectively. The current market cap of the company is Rs. 12.81 crore.

The promoters holding in the company stood at 51.68% and Non-Institutions held 48.32%.

Lippi Systems has entered into agreement for the sale and transfer of machineries with Image Gravures, a partnership firm (the Buyer). The sale and transfer of assets has been agreed for an aggregate consideration of is Rs 9.45 crore plus GST and other taxes as applicable.

The agreement for sale has been entered after obtaining necessary approvals from the Board of Directors, Shareholders, Bankers and other Regulatory bodies and authorities, as applicable.

Lippi Systems is engaged in the manufacture of rotogravure cylinders by Digital Engraving Process for packaging, decorative i.e. laminates & other gravure printing industries.

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