 "Ricoh India locked upper circuit as board to meet to declare Q2FY16 results")
Ricoh India was locked in upper circuit for the second straight day, up 5% at Rs 287 on the BSE, after the company announced that its board will consider the financial results for the quarter ended September 30, 2015 (Q2FY16) on May 17, 2016.
“A meeting of the board of directors of the company will be held on May 17, 2016 to consider and approve unaudited financial results for the quarter ended September 30, 2015 as subjected to limited review by the statutory auditors of the company,” Ricoh India said in a BSE filing.
The stock has recovered 20% from its 52-week low of Rs 240 touched on May 10, during intra-day trade.
Since March 18, it fell 58% from Rs 569 on March 18, after the BSE in a notice dated March 18, 2016 said that pursuant to Securities and Exchange Board of India (Sebi) circular, Ricoh India along with four other companies will be shifted to ‘Z’ group with effect from March 28, 2016 due to non-compliances for two consecutive quarters i.e. September 2015 and December 2015 for the Clause 41 of the erstwhile Listing Agreement.
Till 10:11 am, around 787 shares changed hands and there were pending buy orders for 203,937 shares on the BSE.
“A meeting of the board of directors of the company will be held on May 17, 2016 to consider and approve unaudited financial results for the quarter ended September 30, 2015 as subjected to limited review by the statutory auditors of the company,” Ricoh India said in a BSE filing.
The stock has recovered 20% from its 52-week low of Rs 240 touched on May 10, during intra-day trade.
Since March 18, it fell 58% from Rs 569 on March 18, after the BSE in a notice dated March 18, 2016 said that pursuant to Securities and Exchange Board of India (Sebi) circular, Ricoh India along with four other companies will be shifted to ‘Z’ group with effect from March 28, 2016 due to non-compliances for two consecutive quarters i.e. September 2015 and December 2015 for the Clause 41 of the erstwhile Listing Agreement.
Till 10:11 am, around 787 shares changed hands and there were pending buy orders for 203,937 shares on the BSE.
