TT trades with traction on the bourses

11 Apr 2019 Evaluate

TT is currently trading at Rs. 57.20, up by 1.70 points or 3.06% from its previous closing of Rs. 55.50 on the BSE.

The scrip opened at Rs. 55.50 and has touched a high and low of Rs. 57.20 and Rs. 54.25 respectively. So far 750 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.00 on 12-Apr-2018 and a 52 week low of Rs. 49.50 on 20-Feb-2019.

Last one week high and low of the scrip stood at Rs. 58.00 and Rs. 51.10 respectively. The current market cap of the company is Rs. 116.63 crore.

The promoters holding in the company stood at 57.39%, while Non-Institutions held 42.61% stake in the company.

TT has completed two Hi-Tech World Class Garment manufacturing Projects at Avinashi (Tamil Nadu) and at Gajroula (Uttar Pradesh) during the Financial Year 2018-19. These plants have been installed after modifying existing Spinning Mills buildings. Both plants have been approved for social compliance (SEDEX and WRAP) and as such now able to attract World giant garment importers on the strength of required compliance conditions for placing orders. High Tech World Class plants have been installed and quality systems have been put in place.

Both these plants are eligible for Tuff Subsidies and State Government incentives presently in force for apparel industry. This would further reinforce company’s focus on garment productions, domestic sales and exports.

TT is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth. The company is also engaged in the manufacture of undergarments, which were marketed under the brand name TT.

T.T. Share Price

104.25 -3.30 (-3.07%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 475.00
Vardhman Textiles 445.00
Arvind 269.20
Welspun Living 137.65
Alok Inds 25.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.