Parekh Aluminex is currently locked at its upper circuit limit of Rs. 321.75, up by 15.30 points or 4.99% from its previous closing of Rs. 306.45 on the BSE.
The scrip opened at Rs. 306.00 and has touched a high and low of Rs. 321.75 and Rs. 306.00 respectively. So far 3310 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 389.00 on 22-Feb-2012 and a 52 week low of Rs. 165.85 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 328.00 and Rs. 296.00 respectively. The current market cap of the company is Rs. 416.34 crore.
The promoters holding in the company stood at 37.62% while Institutions and Non-Institutions held 11.85% and 50.53% respectively.
Parekh Aluminex is in process of acquiring 100% shares of American Foils Inc based in USA. Pursuant to this acquisition, American Foils will become a wholly owned subsidiary of the company. This acquisition will also strengthen the presence of the company in US continent.
American Foils Incorporation is engaged in the business of manufacturing of Aluminium Pans/Rolls/Containers/Foils, etc.
Parekh Aluminex is primarily engaged in manufacturing and sale of Aluminium Foil Containers (AFCs), its lids, and covers and Aluminium Foil Rolls (AFRs) and is one of India's leading producers of AFC/AFR. The products find its application in packaging of food items in travel industry such as airlines, railways, fast food chains, restaurants, hotels etc and also find their application in household uses.
Company Name | CMP |
---|---|
National Aluminium | 188.90 |
Maan Aluminium | 151.65 |
Arfin India | 51.00 |
Manaksia Aluminium | 27.55 |
Century Extrusions | 19.30 |
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