Nitin Spinners is currently trading at Rs. 110.10, up by 1.10 points or 1.01% from its previous closing of Rs. 109.00 on the BSE.
The scrip opened at Rs. 111.00 and has touched a high and low of Rs. 112.00 and Rs. 109.65 respectively. So far 8140 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.00 on 08-May-2017 and a 52 week low of Rs. 90.80 on 08-Mar-2017.
Last one week high and low of the scrip stood at Rs. 114.00 and Rs. 107.05 respectively. The current market cap of the company is Rs. 609.90 crore.
The promoters holding in the company stood at 53.36%, while Institutions and Non-Institutions held 14.09% and 32.55% respectively.
Nitin Spinners has received board’s approval for the allotment of 3,32,000 Equity Shares of face value of Rs 10.00 each to promoters of the company, at the issue price of Rs 120.50 per Equity Share, aggregating to Rs 4 crore. The Securities Issuance Committee of the Board of Directors of the company at its meeting held on February 20, 2018 approved the same.
Pursuant to this allotment, the paid-up share capital of the company stands increased from 5,52,19,710 Equity Shares to 5,55,51,710 Equity Shares and the percentage of shareholding of the promoters of the company stands increased from 53.36% to 53.64%.
Nitin Spinners is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.
| 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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