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GRP shines on investing Rs 327.97 lakh in Gripsurya Recycling LLP

27 Dec 2018

GRP is currently trading at Rs 1062.00, up by 54.00 points or 5.36% from its previous closing of Rs 1008.00 on the BSE.

The scrip opened at Rs 1062.00 and has touched a high and low of Rs 1062.00 and Rs 1062.00 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1768.00 on 03-Jan-2018 and a 52 week low of Rs 968.00 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs 1036.05 and Rs 999.00 respectively. The current market cap of the company is Rs 142.53 crore.

The promoters holding in the company stood at 41.95% while Institutions and Non-Institutions held 0.03% and 58.02% respectively.

GRP has invested Rs 327.97 lakh as capital contribution in Gripsurya Recycling LLP (GSRL). With this, the company has acquired controlling interest in GSRL, from Grip Polymers., its wholly owned subsidiary. GSRL is engaged in manufacturing of ground rubber from waste tyres at its plant in Pithampur in the state of Madhya Pradesh, since October, 2014.

GRP produces reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, moulded rubber products for different applications in both, tyre and non tyre rubber products.

GRP Share Price

955.05 0.05 (0.01%) Dec 06, 14:05
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SEBI Registered: Investment Adviser - INA000013323