Premco Global surges on plan to set-up plant in Vietnam

20 May 2015

Premco Global is currently trading at Rs. 308.00, up by 6.30 points or 2.09% from its previous closing of Rs. 301.70 on the BSE.

The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 315.40 and Rs. 305.00 respectively. So far 2321 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 376.10 on 07-Apr-2015 and a 52 week low of Rs. 53.50 on 21-May-2014.

Last one week high and low of the scrip stood at Rs. 337.00 and Rs. 298.00 respectively. The current market cap of the company is Rs. 101.76 crore.

The promoters holding in the company stood at 63.29% while Institutions and Non-Institutions held 2.37% and 34.34% respectively.

Premco Global has received an approval to set-up plant in Vietnam, considering the growth prospects and to ensure the continuity of business with its suppliers. The board of directors at their meeting held on April 20, 2015 has approved for the same.

Premco Global is engaged in manufacturing of Woven and Knit Elastic and Non-Elastic Narrow Fabric, Tape and Webbing for use in the Apparel, Lingerie Sports-related, Medical, Footwear, Luggage, Furnishing and Automotive industries.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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