Summit Securities Limited, a public limited company was listed on BSE Limited and National Stock Exchange of India Limited. The Company is a NonDeposit taking Systemically Important NonBanking Financial Company (NBFC) registered with the Reserve Bank of India (the RBI) and is engaged in the business of making investments in shares and securities.Summit Securities earlier known as KEC Infrastructures, a group company of RPG Enterprises was originally incorporated in the year 1945. Entering into a scheme of arrangement effective December 26, 2005, the company transferred its power transmission business to KEC International and got its current name on January 09, 2006. The registered office of the company is located at Worli, Mumbai.The company entered into a memorandum of understanding with the Neptune group and sold its immovable property situated in Kurla, Mumbai for Rs 912,222,000 to Neptune Realtors in February 2007.As of March 31, 2011, the Company had two subsidiaries, Instant Holdings Limited and Sudarshan Electronics T. V. Limited and two step down subsidiaries, including Idea Tracom Private Limited and Goodhope Sales Private Limited, being the wholly owned subsidiaries of Instant Holdings Limited.The companys assets consists mainly of land in Mumbai and investments in its subsidiary KEC Holdings. The company also has investments in various companies like CEAT, RPG, Harrisons Malyalam and others.During FY 201112, the Company became a subsidiary of Swallow Associates Limited, as a result of merger of Blue Niles Holdings Limited, Kestrel Investments Limited, Petrochem International Limited, RPG Cellular Investments and Holdings Private Limited, South Asia Electricity Holdings Limited with Swallow Associates Limited through Scheme of Amalgamation and Arrangement sanctioned by the HonbleHigh Court of Judicature at Bombay on February 10, 2012, which was made effective on March 27, 2012 as December 1, 2011, the Appointed date. As on March 31, 2012, the Company had two subsidiaries viz. Instant Holdings Limited and Sudarshan Electronics T. V. Limited.During the year 201112, a Scheme of Amalgamation for merger of Idea Tracom Private Limited (wholly owned subsidiary of Instant Holdings Limited) and Goodhope Sales Private Limited (wholly owned subsidiary of Instant Holdings Limited) with Instant Holdings Limited was approved by the High Court of Judicature at Bombay on April 13, 2012, which became effective on May 15, 2012. Sudarshan Electronics T.V. Limited ceased to be a subsidiary of the Company with effect from March 5, 2013. During 201314, the Company acquired equity shares of Instant Holdings Limited through subscription of Rights Issue and subsequent to subscription, allotted 1,12,750 equity shares of face value of Rs 10/ each at a premium of Rs 770/ per share on September 16, 2013.
What is the current share price of Summit Securities Ltd today on both NSE and BSE?
Summit Securities Ltd shares are currently priced at 1380.7 on NSE and 1379.15 on BSE as of 4/25/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Summit Securities Ltd [SUMMITSEC] shares performed in the past ?
The past 1-year return of Summit Securities Ltd [SUMMITSEC] share was 133.34. The Summit Securities Ltd [SUMMITSEC] share hit a 1-year low of Rs. 588 and a 1-year high of Rs. 1508.
What is the market cap of Summit Securities Ltd [SUMMITSEC] ?
The market cap of Summit Securities Ltd is Rs. 1504.96 Cr. as of 4/25/2024 12:00:00 AM.
What is the current P/E ratio of Summit Securities Ltd [SUMMITSEC] share price ?
The PE ratios of Summit Securities Ltd is 50.15 as of 4/25/2024 12:00:00 AM.
What is the current PB ratio of Summit Securities Ltd [SUMMITSEC] share price ?
The PB ratios of Summit Securities Ltd is 0.42 as of 4/25/2024 12:00:00 AM
How can I buy Summit Securities Ltd shares?
You can easily buy Summit Securities Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.