Shreeyash Industries inches up on securing order worth Rs 23.92 crore

10 Jul 2012

Shreeyash Industries is currently trading at Rs. 26.75, up by 0.10 points or 0.38% from its previous closing of Rs. 26.65 on the BSE.

The scrip opened at Rs. 27.20 and has touched a high and low of Rs. 27.20 and Rs. 24.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.00 on 21-Feb-2012 and a 52 week low of Rs. 16.30 on 06-Sep-2011.

Last one week high and low of the scrip stood at Rs. 28.00 and Rs. 23.50 respectively. The current market cap of the company is Rs. 14.00 crore.

The promoters holding in the company stood at 20.76% while Institutions and Non-Institutions held 4.32% and 74.91% respectively.

Shreeyash Industries is making a foray into made-ups and have secured an order from South Africa for Rs 23.92 crore in made-ups for Hospital supplies, mainly apparels related products. Besides, the company is also in the process of trying to procure a similar order from The Democratic Republic of Congo.

Further, the company feels that the markets of African countries is ripe and that made-ups from India have a great potential in those countries and the company is exploring the untouched areas.

Shreeyash Industries earlier known as Range Apparels is promoted by Mano Kumar and his wife Sumedha Saraogi in technical arrangement with Kuke Nylon (KNCs), S Korea, for setting up a new 100% EOU for the manufacture of knitted designer cotton socks of international standards/quality.

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