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Himatsingka Seide surges on receiving approval to expand its Hassan facility

18 Jun 2015

Himatsingka Seide is currently trading at Rs. 81.20, up by 2.25 points or 2.85% from its previous closing of Rs. 78.95 on the BSE.

The scrip opened at Rs. 83.50 and has touched a high and low of Rs. 83.50 and Rs. 80.00 respectively. So far 32888 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 105.90 on 12-Sep-2014 and a 52 week low of Rs. 71.05 on 18-Jun-2014.

Last one week high and low of the scrip stood at Rs. 83.50 and Rs. 74.70 respectively. The current market cap of the company is Rs. 792.58 crore.

The promoters holding in the company stood at 57.07% while Institutions and Non-Institutions held 15.80% and 27.13% respectively.

Himatsingka Seide has received an in-principle approval from Government of Karnataka for a proposal to expand its Hassan facility with an investment of Rs 1325 Crores.

Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.

Related Himatsingka Seide Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323