Maxwell Industries trades in green on the bourses

21 Sep 2016 Evaluate

Maxwell Industries is currently trading at Rs. 66.50, up by 0.85 points or 1.29% from its previous closing of Rs. 65.65 on the BSE.

The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 67.50 and Rs. 64.35 respectively. So far 115132 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 74.25 on 02-Aug-2016 and a 52 week low of Rs. 29.20 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 70.60 and Rs. 62.25 respectively. The current market cap of the company is Rs. 442.39 crore.

The promoters holding in the company stood at 65.22%, while Institutions and Non-Institutions held 0.71% and 34.07% respectively.

Maxwell Industries has completed the transaction of sale of processing unit at SIPCOT, Erode, Tamil Nadu by receiving balance consideration of Rs 4.34 crore on September 19, 2016. The consideration for this transaction was Rs 4.44 crore, as per the terms and condition set out in the Business Transfer Agreement.

Maxwell Industries is leading Indian company engaged in manufacturing and marketing of innerwear. They are well-known manufacturers of brands like VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all of their sub brands.  





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