Sintex Industries is currently trading at Rs. 77.20, up by 1.90 points or 2.52% from its previous closing of Rs. 75.30 on the BSE.
The scrip opened at Rs. 75.65 and has touched a high and low of Rs. 77.55 and Rs. 75.50 respectively. So far 193712 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 121.70 on 05-Aug-2015 and a 52 week low of Rs. 63.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 80.20 and Rs. 72.50 respectively. The current market cap of the company is Rs. 3447.37 crore.
The promoters holding in the company stood at 32.46% while Institutions and Non-Institutions held 37.19% and 30.35% respectively.
Sintex Industries will be raising up to Rs 1,538 crore via issuance of foreign currency convertible bonds (FCCBs) and non-convertible debentures. The board of directors at its meeting held on May 19, 2016 has approved for the same.
The board approved the issue of FCCBs for an amount not exceeding $200 million (Rs 1,338 crore) and issue of secured redeemable non-convertible debentures (NCDs) to banks and financial or any other institution for an amount not exceeding Rs 200 crore.
Sintex Industries is the world largest producer of plastic water tank. It manufactures a wide range of plastic products including prefabricated structures, industrial custom molding products, monolithic constructions and water storage tanks.