Richa Industries surges on the BSE

03 May 2012

Richa Industries is currently trading at Rs. 13.40, up by 0.33 points or 2.52% from its previous closing of Rs. 13.07 on the BSE.

The scrip opened at Rs. 12.50 and has touched a high and low of Rs. 13.43 and Rs. 12.25 respectively. So far 931 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.55 on 27-May-2011 and a 52 week low of Rs. 11.10 on 12-Apr-2012.

Last one week high and low of the scrip stood at Rs. 14.00 and Rs. 12.00 respectively. The current market cap of the company is Rs. 22.73 crore.

The promoters holding in the company stood at 69.07% while Non-Institutions held 30.93% stake in the company.

Credit rating agency, Fitch Ratings has assigned ‘BBB’ grade to Richa Industries in National Bank Loan Ratings.

Last year in May, the company had received an approval to expand the existing production capacity of Pre Engineered Buildings (PEB) by 1250 tons per month at Kashipur, Uttarakhand.

Richa Industries is engaged in manufacturing of knitted fabric, dyeing processing and finishing of organic cotton and man-made fibre fabric. It also manufactures garments for the domestic and export markets.

Related Richa Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323