Maxwell Industries inches up on opening first retail store ‘Inners’ in Navi Mumbai

17 Aug 2012 Evaluate

Maxwell Industries is currently trading at Rs. 20.50, up by 0.05 points or 0.24% from its previous closing of Rs. 20.45 on the BSE.

The scrip opened at Rs. 20.35 and has touched a high and low of Rs. 20.80 and Rs. 20.35 respectively. So far 3667 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.30 on 09-Nov-2011 and a 52 week low of Rs. 18.05 on 06-Jun-2012.

Last one week high and low of the scrip stood at Rs. 21.00 and Rs. 20.25 respectively. The current market cap of the company is Rs. 129.31 crore.

The promoters holding in the company stood at 63.57% while Institutions and Non-Institutions held 0.34% and 36.09% respectively.

Maxwell Industries had opened its first exclusive retails store in the name ‘Inners’ the inner wear studio for all the inner-wear, located at Kopar Khairane in New Mumbai on August 15, 2012.

Last year in December, the company had successfully completed the sale of its spinning business and received full consideration of Rs 39 crore from M C Spinners. The company had entered into business purchase agreement with M C Spinners on June 03, 2011 for sale of company’s spinning business unit situated at Cobichettipalyam, Tamil Nadu.

Maxwell Industries is a leading manufacturer of high quality 100% cotton yarn manufacturer in India for hosiery/weaving industries. It operates in the highly competitive domestic and international market as suppliers of 100% Combed Auto leveled and Auto Coned Contamination controlled Siro cleared hosiery/woven cotton yarn for the high tech knitting/weaving industry.

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