Nitin Spinners rises after Reliance Wealth picks 1% stake in the company

25 Jun 2015

Nitin Spinners is currently trading at Rs. 71.25, up by 1.50 points or 2.15% from its previous closing of Rs. 69.75 on the BSE.

The scrip opened at Rs. 67.70 and has touched a high and low of Rs. 73.65 and Rs. 66.10 respectively. So far 2,02,000 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.75 on 24-Jun-2015 and a 52 week low of Rs. 20.05 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 76.75 and Rs. 54.10 respectively. The current market cap of the company is Rs. 326.00 crore.

The promoters holding in the company stood at 64.01% while Institutions and Non-Institutions held 0.09% and 35.90% respectively.

Reliance Wealth Management has purchased 1% stake in Nitin Spinners for Rs 3.35 crore. It bought 0.46 million shares at a price of Rs 73.04 a share on the National Stock Echange (NSE).

Nitin Spinners is engaged in the manufacturing of cotton yarn and cotton knitted fabrics used in the hosiery segment.

Related Nitin Spinners Ltd. Links:

Nitin Spinners Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323