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Mohit Industries gains on purchasing 5,000 square meters of land in Gujarat

14 May 2015

Mohit Industries is currently trading at Rs. 54.00, up by 0.30 points or 0.56% from its previous closing of Rs. 53.70 on the BSE.

The scrip opened at Rs. 54.10 and has touched a high and low of Rs. 54.90 and Rs. 53.50 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.00 on 06-May-2015 and a 52 week low of Rs. 27.15 on 17-Jul-2014.

Last one week high and low of the scrip stood at Rs. 57.00 and Rs. 52.00 respectively. The current market cap of the company is Rs. 76.45 crore.

The promoters holding in the company stood at 67.77% while Non-Institutions held 32.23% respectively.

Mohit Industries has purchased land admeasuring 5,000 square meters at Umargaon taluka, Valsad district in state of Gujarat for future expansion in AAC Blocks plant in Umargaon. The company’s AAC Blocks plant is running at optimum level of manufacturing capacity.

The purchase of said land has been made for meeting with future capacity requirements of the company and is only part of the total land required for expansion.

Mohit Industries is one of the top notch manufacturers of fabrics & texturised yarn in the nation. It has recently diversified into the construction materials industry in adherence to its long term vision and goals.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323