Shreeyash Industries trades with grip on bagging order worth Rs 24 crore

17 Jul 2012

Shreeyash Industries is currently trading at Rs. 29.15, up by 0.25 points or 0.87% from its previous closing of Rs. 28.90 on the BSE.

The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.00 and Rs. 27.55 respectively. So far 10841 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. 31.00 and Rs. 24.00 respectively. The current market cap of the company is Rs. 15.76 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 has bagged a large order amounting to Rs 24 crore per annum. The company is also exploring other African countries for similar orders while they manufacture cloths and accessories catering to all age groups in form of Italian brands, formals and ethnic ware fashion jewellery and have plans to establish multi-city show rooms selling eco-friendly products which have become a rage domestically and internationally.

Further, the company is also in the final process of acquiring a multi-brand retail company with existing outlets in metro cities and plans to multiply rapidly in the near future and increase sale by launching its own online retail portal and looking around for garment manufacturing units to expand its capacity.

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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