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Uniply Inds surges on plan of setting up green-field manufacturing plant in Chittoor

21 May 2015 Evaluate

Uniply Industries is currently trading at Rs. 24.30, up by 1.15 points or 4.97% from its previous closing of Rs. 23.15 on the BSE.

The scrip opened at Rs. 24.30 and has touched a high and low of Rs. 24.30 and Rs. 24.30 respectively. So far 8631 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.95 on 01-Apr-2015 and a 52 week low of Rs. 4.70 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 23.15 and Rs. 19.70 respectively. The current market cap of the company is Rs. 42.07 crore.

The promoters holding in the company stood at 36.07% while Institutions and Non-Institutions held 0.08% and 63.85% respectively.

Uniply Industries is planning to set up a green-field manufacturing plant in Chittoor district of Andhra Pradesh (AP). In this regard, Chennai-based premium plywood maker will invest Rs 35 crore. The proposed facility would have the capacity to produce 7,500 notional area (NA) of premium plywood, and would generate 1,000 jobs. The plant would tap into market demand for plywood products in the coastal belt and also exports.

The company is also scouting for acquiring two functional units, in north and west of India, and is ready to spend Rs 20-25 crore on them in the next 6-9 months. The company has a manufacturing unit in Chennai and two smaller plants in other parts of the country.

Uniply Industries is a Chennai-based plywood manufacturing and trading company promoted by BL Bengani.  The company initially started as a trading agent and later started trading plywood and its allied products under its own brand name.

Uniply Inds Share Price

3.97 0.00 (0.00%)
03-May-2021 18:01 View Price Chart
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