Hitech Plast soars on commencing operations at Rohtak unit

30 Mar 2017

Hitech Plast is currently trading at Rs. 161.30, up by 5.30 points or 3.40% from its previous closing of Rs. 156.00 on the BSE.

The scrip opened at Rs. 159.85 and has touched a high and low of Rs. 163.00 and Rs. 159.85 respectively. So far 1422 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.45 on 21-Oct-2016 and a 52 week low of Rs. 140.80 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 163.00 and Rs. 155.70 respectively. The current market cap of the company is Rs. 279.88 crore.

The promoters holding in the company stood at 74.43%, while institutions and non-institutions held 0.08% and 25.49% respectively.

Hitech Plast has commenced its operations at Rohtak unit on March 28, 2017. Earlier, the manufacturing operations at its Rohtak unit were disturbed due to agitation in Haryana.

Hitech Plast is engaged in manufacturing of packaging products of plastics. The Company operates through Plastic Containers segment. The Company is also a manufacturer of paint pails/containers.

Related Hitech Corporation Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323