Aarvee Denims & Exports is currently trading at Rs. 45.30, up by 0.90 points or 2.03% from its previous closing of Rs. 44.40 on the BSE.
The scrip opened at Rs. 46.20 and has touched a high and low of Rs. 46.20 and Rs. 44.00 respectively. So far 17005 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.25 on 16-Jan-2017 and a 52 week low of Rs. 26.55 on 17-Aug-2017.
Last one week high and low of the scrip stood at Rs. 47.85 and Rs. 43.00 respectively. The current market cap of the company is Rs. 106.27 crore.
The promoters holding in the company stood at 65.80%, while Institutions and Non-Institutions held 2.11% and 32.10% respectively.
Aarvee Denims has incorporated Aye Ess Spinning Mills and holds 99.99% of its paid up equity share capital. Accordingly, Aye Ess Spinning Mills has become subsidiary of the Company with effect from November 17, 2017.
However, the Company has proposed to create beneficial interest in remaining 0.01% holding of Aye Ess Spinning Mills and thereby creating Wholly Owned Subsidiary.
Aarvee Denims & Exports is engaged in business of denim manufacturing. The company is among the leading global players in the textile industry. The company manufactures denim garments such as jeans, trousers, jackets, shirts, etc. for men, women and kids. It also produces cotton garments and home textiles.
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