Jindal Cotex zooms on transferring entire shareholding in Jindal Specialty Textiles

27 Mar 2019 Evaluate

Jindal Cotex is currently trading at Rs. 4.58, up by 0.20 points or 4.57% from its previous closing of Rs. 4.38 on the BSE.

The scrip opened at Rs. 4.38 and has touched a high and low of Rs. 4.59 and Rs. 4.38 respectively. So far 7079 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.90 on 10-May-2018 and a 52 week low of Rs. 3.37 on 21-Feb-2019.

Last one week high and low of the scrip stood at Rs. 4.59 and Rs. 3.84 respectively. The current market cap of the company is Rs. 20.61 crore.

The promoters holding in the company stood at 21.05%, while Institutions and Non-Institutions held 15.53% and 63.42% respectively.

Jindal Cotex has transferred its entire shareholding of its loss making wholly owned subsidiary -- Jindal Specialty Textiles by way of disinvestment to Jindal Technotex, one of the company belonging to promoter group on arm's length basis. The consideration received for such sale is Rs 4.95 crore.

Jindal Cotex engages in the manufacture and sale of synthetic, cotton, and blended yarns. The company offers acrylic, polyester, polyester-viscose, cotton, and polyester cotton combed and carded yarns.

Jindal Cotex Share Price

2.60 0.00 (0.00%)
28-Nov-2022 18:01 View Price Chart
Peers
Company Name CMP
Trident 36.54
Filatex India 58.50
Sutlej Textiles&Inds 50.30
Nahar Spinning Mills 267.00
Nitin Spinners 320.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.