Filatex India shines on the buzz of capacity expansion plan

14 Mar 2019

Filatex India is currently trading at Rs. 49.40, up by 2.40 points or 5.11% from its previous closing of Rs. 47.00 on the BSE.

The scrip opened at Rs. 47.00 and has touched a high and low of Rs. 50.00 and Rs. 46.50 respectively. So far 1625527 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.45 on 27-Nov-2018 and a 52 week low of Rs. 30.06 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 54.00 and Rs. 45.35 respectively. The current market cap of the company is Rs. 1048.35 crore.

The promoters holding in the company stood at 58.08%, while Institutions and Non-Institutions held 5.02% and 36.90% respectively.

Filatex India is reportedly planning to expand the capacity of its plants in Dadra and Dahej for which the company to invest Rs 400 crore. Further, the company will setup a captive power plant to reduce its energy costs.

The company is targeting to increase yarn manufacturing and polymerisation capacity from 3.28 lakh MT per annum to 3.65 lakh MT by 2020.

Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.

Related Filatex India Ltd. Links:

Filatex India Share Price

72.15 -1.65 (-2.24%) Apr 15, 18:01
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Sensex vs Filatex India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323