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Mohit Industries is currently trading at Rs 32.20, up by 1.20 points or 3.87% from its previous closing of Rs 31.00 on the BSE.
The scrip opened at Rs 30.30 and has touched a high and low of Rs 32.55 and Rs 30.30 respectively. So far 4227 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 38.40 on 11-Oct-2010 and a 52 week low of Rs 17.00 on 29-Mar-2011.
Last one week high and low of the scrip stood at Rs 35.20 and Rs 30.75 respectively. The current market cap of the company is Rs 36.14 crore.
The promoters holding in the company stood at 59.84% while Institutions and Non-Institutions held 1.59% and 38.57% respectively.
Mohit Industries has purchased 41000 Sq. Mtrs. of land at Umargaon in Gujarat to set up AAC Blocks manufacturing plant with a capacity of 300000 m per annum. This will be one of the biggest plant in India with state of art facility. The construction shall begin from first week of October and company plans to start its commercial production in February 2012.
Recently, the company had finalized to install 4 plants of Aerated Autoclaved Concrete Blocks in next two years. These installations will be done in two phases, in the first phase, company will install 2 plants with a capacity of 3,00,000 cubic metres each. The company already placed order for one plant which is expected to begin commercial production in February 2012 whereas the second plant will start by September 2012.
Mohit Industries (MIL) is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with a capacity to manufacture 18,000 metric tonne of texturised yarns and 12.5 million metres of art silk grey cloth.
| Company Name | CMP |
|---|---|
| PDS | 524.35 |
| Vardhman Textiles | 472.85 |
| Arvind | 377.70 |
| Welspun Living | 143.90 |
| Alok Inds | 27.63 |
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