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Tirupati Inks trades higher on the bourses

16 Apr 2014 Evaluate

Tirupati Inks is currently trading at Rs. 13.55, up by 0.25 points or 1.88% from its previous closing of Rs. 13.30 on the BSE.

The scrip opened at Rs. 13.57 and has touched a high and low of Rs. 13.57 and Rs. 13.54 respectively. So far 250 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.50 on 11-Feb-2014 and a 52 week low of Rs. 3.08 on 29-May-2013.

Last one week high and low of the scrip stood at Rs. 14.50 and Rs. 12.63 respectively.

The promoters holding in the company stood at 26.92% while Non-Institutions held 73.08% stake in the company.

Credit rating agency, CARE has assigned ‘BBB-’ rating to Tirupati Inks’ long-term bank facilities worth Rs 95 crore. The rating agency has also assigned ‘A3’ rating to the company’s short-term bank facilities worth Rs 104 crore.

The company has received the said ratings on the back of its experienced promoters and management team, consistent track record and growing presence in diverse range of products.

Tirupati Inks (TIL) manufactures printing inks like liquid inks, water-based inks and other allied products and has 13 distributors spread across India who directly purchase printing inks from TIL to provide packaging solutions to the customers.

Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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