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Nitin Spinners soars on getting approval for customized package for its expansion project

03 Aug 2018 Evaluate

Nitin Spinners is currently trading at Rs. 92.00, up by 2.20 points or 2.45% from its previous closing of Rs. 89.80 on the BSE.

The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 92.50 and Rs. 89.95 respectively. So far 3099 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.00 on 03-Aug-2017 and a 52 week low of Rs. 76.00 on 16-Jul-2018.

Last one week high and low of the scrip stood at Rs. 93.35 and Rs. 87.00 respectively. The current market cap of the company is Rs. 508.79 crore.

The promoters holding in the company stood at 54.20%, while Institutions and Non-Institutions held 13.96% and 31.84% respectively.

Nitin Spinners has received an approval for Customized Package under RIPS, 2014 from Government of Rajasthan, for expansion project of the company through setting of new unit at Bhanwariya Kalan Tehsil, Bengu District, Chittorgarh.

As per the Notification, the company shall be entitled for the benefits like 6% lnterest Subsidy available for 7 years as per scheme, 75% exemption from payment of Electricity Duty for 10 years and other benefits as provided in the scheme, if any, for which company shall be eligible.

Nitin Spinners is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.

Nitin Spinners Share Price

419.70 9.75 (2.38%)
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
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