Mohit Industries is currently trading at Rs. 28.70, up by 0.65 points or 2.32% from its previous closing of Rs. 28.05 on the BSE.
The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 28.70 and Rs. 27.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.10 on 11-Jul-2011 and a 52 week low of Rs. 17.00 on 29-Mar-2011.
Last one week high and low of the scrip stood at Rs. 33.15 and Rs. 27.00 respectively. The current market cap of the company is Rs. 33.46 crore.
The promoters holding in the company stood at 62.27% while Institutions and Non-Institutions held 1.59% and 36.14% respectively.
Mohit Industries has reported results for third quarter ended December 31, 2011.
The company has posted a rise of 58.59% in its net profit at Rs 2.03 crore for the quarter ended December 31, 2011 as compared to Rs 1.28 crore for the same quarter in the previous year. Total income has increased by 32.97% at Rs 49.37 crore for the quarter under review as compared to Rs 37.13 crore year ago.
Mohit Industries (MIL) is involved in manufacturing of DTY (Drawn Textured Yarn) and grey fabric. The company’s plants are located at Kim (Surat) and Silvassa. Currently MIL has an installed capacity of 22537 MTPA for manufacturing DTY and 9.50 million metres pa for manufacturing grey fabric. The company also has a captive gas based power plant with power generation capacity of 451 KVA.
