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Sutlej Textiles gains on acquiring American Silk Mills’ DS&D business

23 Oct 2017 Evaluate

Sutlej Textiles & Industries is currently trading at Rs. 94.00, up by 0.30 points or 0.32% from its previous closing of Rs. 93.70 on the BSE.

The scrip opened at Rs. 94.90 and has touched a high and low of Rs. 95.95 and Rs. 94.00 respectively. So far 3715 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 98.80 on 19-Jul-2017 and a 52 week low of Rs. 74.15 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 95.95 and Rs. 85.65 respectively. The current market cap of the company is Rs. 1539.99 crore.

The promoters holding in the company stood at 63.90%, while Institutions and Non-Institutions held 1.11% and 35.00% respectively.

Sutlej Textiles and Industries (STIL) has acquired Design Sales and Distribution (DS&D) business and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania. The acquisition adds strength of this leading American boutique designer and distributor of residential and contract furnishing textiles to Sutlej’s home textiles portfolio. ASM will continue to design, develop and market its products under the brand name of American Silk Mills.

These products include innovative indoor/outdoor performance fabrics, fine jacquard textiles, multiple grades and styles of velvets, the highest quality silks, and Sensuede, an eco-friendly synthetic suede noted for its durability, cleanability and long-lasting comfort.

Sutlej Textiles and Industries, an ISO 9001:2008 certified Company is one of the largest integrated textile manufacturing companies and is having strong position in the Indian Textile sector in the manufacturing of value added synthetic, Natural and Blended yarns, all types of spun yarns, processing of fabrics and Home Textile Furnishing.



Sutlej Textiles&Inds Share Price

36.86 -0.23 (-0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
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