Sybly Industries rises on entering into manufacturing of polyester Yarn from Recycled Fiber

13 Jul 2016

Sybly Industries is currently trading at Rs 7.76, up by 0.18 points or 2.37% from its previous closing of Rs. 7.58 on the BSE.

The scrip opened at Rs. 7.62 and has touched a high and low of Rs. 7.79 and Rs. 7.59 respectively. So far 450619 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 7.94 on 14-Jun-2016 and a 52 week low of Rs. 1.91 on 27-Jul-2015.

Last one week high and low of the scrip stood at Rs. 7.70 and Rs. 6.95 respectively. The current market cap of the company is Rs. 31.55 crore.

The promoters holding in the company stood at 23.78%, while Institutions held 76.22% stake.

Sybly Industries, a manufacturer of polyester yarn, has successfully ventured into using recycled polyester fiber for manufacturing of polyester yarn. Looking into the future of this product company intends to launch its own brand of quality polyester yarn made from recycled polyester fiber.

Recycled polyester yarn is not only cost effective, matching quality but it is environment friendly too. Big giants like Adidas, Nike, & Levi's have already started sourcing from India products made of recycled polyester yarn. Giving boost to this product eminent personality like Emma Watson wore gown made of RPY at a GALA Dinner 2016. RCB team wore jerseys made of 100% RPY in recent IPL matches.

Manufacturing Polyester Yarn from Recycled Fiber may increase margins up to 10% in comparison to the use of fresh fiber. Sybly is looking forward to make best of this opportunity.

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Sybly Industries Share Price

1.58 0.07 (4.64%) Nov 18, 16:13
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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