Prestige Estates Projects Ltd, Cera Sanitaryware Ltd, Multi Commodity Exchange of India Ltd and Century Textiles & Industries Ltd are among the other losers in the BSE's 'A' group today, 15 September 2020.

Take Solutions Ltd lost 6.24% to Rs 46.6 at 14:52 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 1.76 lakh shares in the past one month.

Prestige Estates Projects Ltd tumbled 3.74% to Rs 254.65. The stock was the second biggest loser in 'A' group.On the BSE, 28066 shares were traded on the counter so far as against the average daily volumes of 36328 shares in the past one month.

Cera Sanitaryware Ltd crashed 3.41% to Rs 2483.35. The stock was the third biggest loser in 'A' group.On the BSE, 305 shares were traded on the counter so far as against the average daily volumes of 442 shares in the past one month.

Multi Commodity Exchange of India Ltd pared 3.12% to Rs 1696.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 22307 shares were traded on the counter so far as against the average daily volumes of 42471 shares in the past one month.

Century Textiles & Industries Ltd corrected 3.05% to Rs 365.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 67092 shares were traded on the counter so far as against the average daily volumes of 1.39 lakh shares in the past one month.

Powered by Capital Market - Live News

APA Engineering reported a turnover of Rs 133.69 crore and had a net worth of Rs 24.82 crore during the last financial year.

Take Solutions has sold its stake in the subsidiary to K. Vaidyanathan and K. Ramakrishnan, who are currently the whole-time directors of APA Engineering, for a consideration of Rs 17.40 crore. The company expects the transaction to be completed by 30 September 2020.

Take Solutions delivers domain-intensive services in life sciences and supply chain management.

The company reported a net loss of Rs 242.05 crore in Q1 June 2020 as against net profit of Rs 45.11 crore in Q1 June 2019. Net sales declined 71.5% YoY to Rs 165.89 crore during the quarter.

In the past one year, the stock has tumbled 63.79% while the benchmark S&P BSE Sensex has gained 4.12% during the same period.

The scrip is currently trading below its 50-day, 100-day and 200-day simple moving averages (SMA) placed at 46.81, 50.49 and 66.79, respectively.

Powered by Capital Market - Live News

TAKE Solutions announced on 14 September 2020 that the management of the Company has taken into consideration the impact of known internal and external events arising from COVID-19 pandemic in the assessment of recoverability of trade receivables, contract assets and certain investments in subsidiaries.

The liquidity and business constraints, consequent to impact of COVID 19 pandemic, have significantly hampered the operations of a step-down subsidiary viz. Navitas Life Sciences GmbH, Germany (a direct subsidiary of Ecron Acunova and a step- down subsidiary of TAKE Solutions).

After assessing the current situation and considering the local requirements, the liquidation process of Navitas Life Sciences GmbH, Germany has been initiated as per the requirements of local laws.

Powered by Capital Market - Live News

The Board of Take Solutions at its meeting held on 14 September 2020 has approved to sell its entire shareholding of 58% in its subsidiary, namely APA Engineering. The transaction is expected to be completed by 30 September 2020 for a consideration of Rs 17.40 crore.

Powered by Capital Market - Live News