Borosil Glass Works is currently trading at Rs. 8999.75, up by 43.50 points or 0.49% from its previous closing of Rs. 8956.25 on the BSE.
The scrip opened at Rs. 9000.00 and has touched a high and low of Rs. 9000.00 and Rs. 8815.00 respectively. So far 422 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 10188.00 on 08-Aug-2017 and a 52 week low of Rs. 4200.00 on 23-Sep-2016.
Last one week high and low of the scrip stood at Rs. 9880.00 and Rs. 8075.00 respectively. The current market cap of the company is Rs. 2055.89 crore.
The promoters holding in the company stood at 74.28%, while institutions and non-institutions held 2.56% and 23.16% respectively.
Borosil Glass Works is planning to increase its capex eight times to Rs 120 crore from Rs 15 crore last year on the back of new Goods and Service Tax (GST) norms for warehousing and distribution. The increase in capex would also get used to enhance its supply chain and logistics post GST.
Having acquired local company Hope Ware Table last year for Rs 90 crore, the company made an entry into the opal glass dinner ware segment. It now has planning to expand the capacity for the opal glass dinner sets by almost 50 per cent, which would get included in the assigned capex for plant and machinery.
Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
| Company Name | CMP |
|---|---|
| Asahi India Glass | 851.60 |
| Borosil Renewables | 498.50 |
| Borosil Scientific | 118.55 |
| Haldyn Glass | 91.76 |
| La Opala R G | 180.45 |
| View more.. | |
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