Himatsingka Seide is currently trading at Rs 364.70, up by 1.30 points or 0.36% from its previous closing of Rs. 363.40 on the BSE.
The scrip opened at Rs. 365.00 and has touched a high and low of Rs. 365.00 and Rs. 363.00 respectively. So far 273 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 384.50 on 10-Feb-2017 and a 52 week low of Rs. 144.95 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 383.60 and Rs. 356.05 respectively. The current market cap of the company is Rs. 3590.73 crore.
The promoters holding in the company stood at 57.22%, while Institutions and Non-Institutions held 16.81% and 25.98% respectively.
Himatsingka Seide has incorporated a wholly owned subsidiary in Europe namely ‘Himatsingka Europe’, which is registered with the Registrar of Companies for England and Wales on February 17, 2017. This will help to strengthen the distribution network in Europe.
Earlier, the company had commenced commercial production at its expanded sheeting unit at Hassan in state of Karnataka from October 03, 2016. Consequent to the expansion, the capacity had doubled from 23 million metres per annum to 46 million metres per annum.
Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.
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