Lambodhara Textile jumps on entering into lease agreement

14 Sep 2016 Evaluate

Lambodhara Textiles is currently trading at Rs. 107.75, up by 6.20 points or 6.11% from its previous closing of Rs 101.55 on the BSE.

The scrip opened at Rs. 106.50 and has touched a high and low of Rs. 113.20 and Rs. 102.10 respectively. So far 32997 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 490.00 on 06-Oct-2015 and a 52 week low of Rs. 90.60 on 01-Jul-2016.

Last one week high and low of the scrip stood at Rs. 113.20 and Rs. 95.05 respectively. The current market cap of the company is Rs. 101.40 crore.

The promoters holding in the company stood at 68.47%, while Institutions and Non-Institutions held 0.32% and 31.21% respectively.

Lambodhara Textile has entered into lease agreement with M/s. Suriya Spinning Mills Unit B and M/s. Sri Akkamma Textiles to utilize their spare capacity of 3,024 spindles and 6,048 spindles respectively for conversion of fiber into yarn. The conversion is to commence from November 2016. This will enhance the spinning capacity of the company and will have an impact on the overall performance of the Company.

Lambodhara Textiles operates a yarn producing mill. The Company specializes in synthetic yarns.

Lambodhara Textiles Share Price

87.75 -2.10 (-2.34%)
May 23, 18:01 View Price Chart
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