STI India zooms on getting nod to sell its investment in ‘STI Sanoh India’

17 Aug 2015

STI India is currently trading at Rs. 10.65, up by 0.50 points or 4.93% from its previous closing of Rs. 10.15 on the BSE.

The scrip opened at Rs. 10.65 and has touched a high and low of Rs. 10.65 and Rs. 10.65 respectively. So far 428 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.65 on 25-Feb-2015 and a 52 week low of Rs. 6.18 on 18-Aug-2014.

Last one week high and low of the scrip stood at Rs. 10.65 and Rs. 9.31 respectively. The current market cap of the company is Rs. 30.89 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 18.34% and 6.66% respectively.

STI India has received an approval for sale of investment in STI Sanoh India, a Joint Venture Company, at the terms and price to be mutually agreed between the Joint Venture Partner. The board of directors at their meeting held on August 14, 2015 has approved for the same.

STI India is an established manufacturer of cotton yarn and cotton knitted fabrics. The company’s main products are 100% cotton yarns, both super combed and super carded and knitted fabrics.


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