Amarjothi Spinning Mills is currently trading at Rs. 43.60, up by 2.50 points or 6.08% from its previous closing of Rs. 41.10 on the BSE.
The scrip opened at Rs. 40.05 and has touched a high and low of Rs. 43.80 and Rs. 40.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.95 on 20-May-2011 and a 52 week low of Rs. 41.10 on 28-Mar-2012.
Last one week high and low of the scrip stood at Rs. 46.65 and Rs. 40.00 respectively. The current market cap of the company is Rs. 29.43 crore.
The promoters holding in the company stood at 55.05% and Non-Institutions held 44.95%.
Amarjothi Spinning Mills has received an approval for investment of 100% shares in Amarjothi Colour Melange Spinning Mills (ACMSML). Pursuant to this investment, ACMSML will become 100% wholly owned subsidiary of the company with effect from April 01, 2012.
The board at its meeting held on March 28, 2012 has accorded their consent for the same. The proposed investment in the equity share capital of the company are within the limits specified 372A of the Companies Act, being 100% equity share capital of Rs 3,00,00,000.
ACMSML is a new company ready for its commercial production from April, 2012. The company proposes to manufacture melange yarn of lesser counts.
Amarjothi Spinning Mills is engaged in the manufacturing and marketing of melange Yarn in India and internationally. It offers a range of yarn products that include cotton, organic cotton, organic exchange, viscose, polyester, bamboo, modal, excel, galaxy, neps, flax, multi-fiber series, and dyed yarn in various blends, shades, counts, and volumes.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
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