Vardhman Textiles gains on receiving approval to set up two major units

26 Jun 2014

Vardhman Textiles is currently trading at Rs. 490.00, up by 1.55 points or 0.32% from its previous closing of Rs. 488.45 on the BSE.

The scrip opened at Rs. 489.70 and has touched a high and low of Rs. 493.45 and Rs. 485.00 respectively. So far 8,448 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 511.00 on 11-Jun-2014 and a 52 week low of Rs. 242.10 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs. 498.00 and Rs. 471.50 respectively. The current market cap of the company is Rs. 3,117.00 crore.

The promoters holding in the company stood at 61.85% while Institutions and Non-Institutions held 23.38% and 14.77% respectively.

Textile major Vardhman Textiles has received an approval to set up two major units in state of Himachal Pradesh. The company’s subsidiaries - Auro Textiles and Mahavir Spining Mills, both were given permission by the single window clearance and monitoring authority.

Auro Textiles has proposed to invest Rs 228.58 crore with employment potential of 392 people, while Mahavir Spining Mills proposed to invest Rs 330.28 crroe with employment potential of 860 people.

Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile industry with operations in the segments of yarn, sewing thread, steel, and fabric.

Related Vardhman Textiles Ltd. Links:

Vardhman Textiles Share Price

1331.60 -3.05 (-0.23%) May 18, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323