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Pioneer Embroideries gains on receiving nod to incorporate WOS in Singapore

25 Jan 2016 Evaluate

Pioneer Embroideries is currently trading at Rs. 69.20, up by 1.60 points or 2.37% from its previous closing of Rs. 67.60 on the BSE.

The scrip opened at Rs. 64.50 and has touched a high and low of Rs. 70.95 and Rs. 64.50 respectively. So far 80,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.85 on 12-Jan-2016 and a 52 week low of Rs. 19.05 on 16-Feb-2015.

Last one week high and low of the scrip stood at Rs. 79.00 and Rs. 63.60 respectively. The current market cap of the company is Rs. 128.30 crore.

The promoters holding in the company stood at 46.17% while Institutions and Non-Institutions held 5.39% and 48.43% respectively.

Pioneer Embroideries has received an approval to incorporate 100% wholly owned subsidiary (WOS) of the company at Singapore subject to such RBI approvals as may be required. The board of directors at its meeting held on January 22, 2016 has approved for the same.

Pioneer Embroideries is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing ‘Hakoba’.


Pioneer Embroideries Share Price

26.14 0.40 (1.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
View more..

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