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APM Industries soars on plan to demerge finance, Investment undertaking business

04 Jan 2018 Evaluate

APM Industries is currently trading at Rs. 67.00, up by 3.50 points or 5.51% from its previous closing of Rs. 63.50 on the BSE.

The scrip opened at Rs. 64.00 and has touched a high and low of Rs. 70.50 and Rs. 63.05 respectively. So far 55708 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.40 on 25-Oct-2017 and a 52 week low of Rs. 52.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 70.50 and Rs. 61.30 respectively. The current market cap of the company is Rs. 143.18 crore.

The promoters holding in the company stood at 63.53%, while non-institutions held 36.46% stake in the company.

APM Industries is planning to demerge its finance and investment undertaking and subsequent amalgamation with its wholly owned subsidiary, APM Finvest, a company registered with Reserve Bank of India as Non-Banking Financial Company. The board of directors at their meeting on January 11, 2018 will consider and approve the Draft Scheme of Arrangement.

APM Industries is engaged in the manufacturing and marketing of synthetic blended yarn. The company's principal product includes staple/polyester yarn and acrylic yarn.

APM Industries Share Price

41.32 0.80 (1.97%)
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
View more..

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