Panoramic Universal edged 1.41% higher at Rs 7.20 on the Bombay Stock Exchange (BSE) on Wednesday. The small-cap information technology company closed down and de-registered its wholly owned subsidiary in Namibia namely ‘Starting Right Investments Two Two Five (Pty.) Ltd.’ in accordance with the law of the land, said the company in an exchange filing. Earlier, the company announced its decision to shut down its subsidiary in Namibia on November 8, 2013.
The stock touched a high of Rs 7.55 and a low of Rs 6.92 in the day's trading session. A total of 11,486 shares changed hands on the bourses as compared to its 10-day average of 9,560.
Meanwhile, the 30-share benchmark index Sensex edged 0.6% or 132.06 higher at 20,984.53 and 50-unit Nifty was up 0.50% or 31 shares at 6,231.
