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Himatsingka Seide inches up on starting trial production at new Terry Towel Plant in Karnataka

20 Feb 2019 Evaluate

Himatsingka Seide is currently trading at Rs. 166.05, up by 0.05 points or 0.03% from its previous closing of Rs. 166.00 on the BSE.

The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 167.20 and Rs. 164.55 respectively. So far 3131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 400.00 on 18-Apr-2018 and a 52 week low of Rs. 161.25 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 172.10 and Rs. 161.25 respectively. The current market cap of the company is Rs. 1634.88 crore.

The promoters holding in the company stood at 47.57%, while Institutions and Non-Institutions held 20.63% and 31.80% respectively.

Himatsingka Seide has commenced trial production at its new Greenfield Terry Towel Plant, located in Hassan, Karnataka, effective February 20, 2019. The new Terry Towel Plant will have an installed capacity of 25,000 tonnes per Annum (TPA).

Himatsingka Seide is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.

Peers
Company Name CMP
Vardhman Textiles 567.05
Welspun Living 221.20
Arvind 568.75
Raymond Lifestyle 702.00
K.P.R. Mill 1132.85
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