Raj Rayon Industries soars on partially starting production at POY plant

25 Sep 2014

Raj Rayon Industries is currently trading at Rs. 0.51, up by 0.03 points or 6.25% from its previous closing of Rs. 0.48 on the BSE.

The scrip opened at Rs. 0.50 and has touched a high and low of Rs. 0.51 and Rs. 0.50 respectively. So far 60300 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 0.73 on 03-Jul-2014 and a 52 week low of Rs. 0.32 on 04-Apr-2014.

Last one week high and low of the scrip stood at Rs. 0.51 and Rs. 0.42 respectively. The current market cap of the company is Rs. 13.32 crore.

The promoters holding in the company stood at 37.81% while Institutions and Non-Institutions held 0.62% and 61.57% respectively.

Raj Rayon Industries’ production in its Partially Oriented Yarn (POY) plant has been started partially and the Polyester Texturised Yarn (PTY) plant is continuing partially.

The company’s Direct Polymer Melt (DPM) POY Plant has been implemented and its production will be started along with Continuous Polymerisation (CP) and Fully Drawn Yarn (FDY) Plants shortly. Further, all the plants will be fully operational once the margin improves.

Raj Rayon Industries is one of the leading manufacturers of polyester yarn in India with product range including polyester texturised yarn, partially oriented yarn and fully drawn yarn, backed by high technology plants located at Silvassa in the Union Territory of Dadra & Nagar Haveli, India.

 

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