Mohit Industries surges on raising Rs 22.42 crore for expansion of textile Division

03 Dec 2015

Mohit Industries is currently trading at Rs. 63.20, up by 1.15 points or 1.85% from its previous closing of Rs. 62.05 on the BSE.

The scrip opened at Rs. 62.50 and has touched a high and low of Rs. 65.00 and Rs. 61.75 respectively. So far 29547 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.95 on 28-May-2015 and a 52 week low of Rs. 37.70 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 65.50 and Rs. 55.00 respectively. The current market cap of the company is Rs. 89.48 crore.

The promoters holding in the company stood at 67.70% while Institutions and Non-Institutions held NA% and 32.30% respectively.

Mohit Industries has availed a sanction of Term Loan of Rs 18.42 crore and Cash credit facility of Rs 3 crore along with Bill discounting under LC of Rs 1 crore for expansion of textile Division from Shamrao Vithal Co-operative Bank. The company has already acquired land for the said expansion. This term loan will be utilized for putting up 8 Texturising machines in a new building at its existing unit located at Kim.

Mohit Industries is one of the top notch manufacturers of fabrics & texturised yarn in the nation. It has recently diversified into the construction materials industry in adherence to its long term vision and goals.

Related Mohit Industries Ltd. Links:

Mohit Industries Share Price

5.75 0.75 (15.00%) Nov 13, 18:51
1 Year Price Chart
Peers
Company Name CMP
Arvind 50.45
PDS Multinational 326.10
Vardhman Textiles 880.45
Welspun India 54.05
Alok Inds 2.02
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Sensex vs Mohit Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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