Ganesha Ecosphere is currently trading at Rs. 221.80, up by 0.20 points or 0.09% from its previous closing of Rs. 221.60 on the BSE.
The scrip opened at Rs. 222.50 and has touched a high and low of Rs. 224.20 and Rs. 221.00 respectively. So far 6011 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 225.50 on 07-Sep-2016 and a 52 week low of Rs. 109.00 on 18-Nov-2015.
Last one week high and low of the scrip stood at Rs. 225.50 and Rs. 211.00 respectively. The current market cap of the company is Rs. 425.34 crore.
The promoters holding in the company stood at 45.35%, while Institutions and Non-Institutions held 8.47% and 46.18% respectively.
Ganesha Ecosphere is planning to sell Recycled Polyester Staple Fiber (RPSF) as a Branded Product. In this regard, the company has appointed ‘Gem Enviro Management’ for brand building of recycled products and strengthening raw material supply. The new branding exercise is in line with the strategy of positioning the quality of the product which is at par with the virgin fibers.
At the same time, it will enable the Company to earn better realizations thereby reducing the gap between the realizations of Man-made and Virgin fiber. This exercise will also help in strengthening the raw material supply chain by creating a strong infrastructure in terms of PET bottles collection directly from the source, leading to dedicated sourcing with better quality raw material and lower costs of procurement.
GEM Enviro is amongst the few companies in India that work in the space of PET recycling and sustainability. The company has focused on increasing the capacity of RPSF and maintaining its leadership position thereby contributing to cleaner environment.