CMI is currently trading at Rs. 196.00, up by 11.30 points or 6.12% from its previous closing of Rs. 184.70 on the BSE.
The scrip opened at Rs. 193.90 and has touched a high and low of Rs. 198.00 and Rs. 184.50 respectively. So far 25049 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.00 on 11-Aug-2015 and a 52 week low of Rs. 46.60 on 17-Nov-2014.
Last one week high and low of the scrip stood at Rs. 198.00 and Rs. 169.00 respectively. The current market cap of the company is Rs. 261.25 crore.
The promoters holding in the company stood at 42.73 % while Institutions and Non-Institutions held 0.51 % and 56.76 % respectively.
CMI is setting up a new Manufacturing facility at Bawal, Haryana to cater its growing demand for products. For this purpose the company has acquired a fully developed with all facilities a manufacturing unit of Danish company FL Smidth at Plot No 116-117, Sector-07, Phase-01, IMT Bawal, Rewari, Haryana. Manufacturing unit spread over 101,115 sq ft with built up area of 67,000 sq ft is having all the necessary clearances and facilities for Industrial production.
CMI is planning to invest approximately Rs 20 crore on the acquisition and setting up of the facility at Bawal. This investment is expected to significantly augment the production capacity of the company. The company intends to start production in the new facility within this financial year.
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