Mohit Industries soars on installing 3,00,000 cubic meters plant at Umargaon

06 Aug 2012

Mohit Industries is currently trading at Rs. 65.05, up by 1.95 points or 3.09% from its previous closing of Rs. 63.10 on the BSE.

The scrip opened at Rs. 63.25 and has touched a high and low of Rs. 65.90 and Rs. 63.25 respectively. So far 194274 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.00 on 26-Jul-2012 and a 52 week low of Rs. 21.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 65.90 and Rs. 61.00 respectively. The current market cap of the company is Rs. 90.96 crore.

The promoters holding in the company stood at 66.09% while Institutions and Non-Institutions held 1.31% and 32.60% respectively.

Mohit Industries has successfully completed the installation of 3,00,000 cubic meters plant at Umargaon for manufacturing AAC Blocks. This plant is the biggest of its kind in India. Trial runs have already started for manufacturing of NXTBLOC. This plant would generate a turnover of about Rs 40 crore in the current financial year.

Earlier in July, the company had secured an order from the Tamil Nadu Handloom Weavers Co-Operative Society, a Tamil Nadu Government Undertaking. The order was for supply of 25,00,000 Sarees and to be completed in the next 2 months.

Mohit Industries (MIL) is involved in manufacturing of DTY (Drawn Textured Yarn) and grey fabric. The company’s plants are located at Kim (Surat) and Silvassa. Currently MIL has an installed capacity of 22537 MTPA for manufacturing DTY and 9.50 million metres pa for manufacturing grey fabric. The company also has a captive gas based power plant with power generation capacity of 451 KVA.

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Mohit Industries Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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