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Rubfila International rises on acquiring land in Tamil Nadu

02 Nov 2018

Rubfila International is currently trading at Rs. 46.05, up by 0.05 points or 0.11% from its previous closing of Rs. 46.00 on the BSE.

The scrip opened at Rs. 46.05 and has touched a high and low of Rs. 46.05 and Rs. 46.05 respectively. So far 205 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 99.85 on 06-Nov-2017 and a 52 week low of Rs. 41.50 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 46.40 and Rs. 43.55 respectively. The current market cap of the company is Rs. 217.20 crore.

The promoters holding in the company stood at 61.92%, while Institutions and Non-Institutions held 0.14% and 37.94% respectively.

Rubfila International has acquired land admeasuring 113 acres with buildings and other assets located at Swaminathapuram, Dindugul district in Tamil Nadu from Assets Care & Reconstruction Enterprises, for a consideration of Rs 19.50 crore for future expansion plans.

Rubfila International produces adhesives suitable for various industry segments like leather and footwear, tyre Re- treading ,wood, rexin and foam, automotive, to name a few.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323