Himatsingka Seide shines on getting nod for investment in SPVs of Atria Wind Power

20 Sep 2019 Evaluate

Himatsingka Seide is currently trading at Rs. 146.55, up by 5.90 points or 4.19% from its previous closing of Rs. 140.70 on the BSE.

The scrip opened at Rs. 140.50 and has touched a high and low of Rs. 147.80 and Rs. 140.00 respectively. So far 4813 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 281.00 on 13-Nov-2018 and a 52 week low of Rs. 121.00 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 156.90 and Rs. 139.50 respectively. The current market cap of the company is Rs. 1445.35 crore.

The promoters holding in the company stood at 47.57%, while Institutions and Non-Institutions held 19.77% and 32.66% respectively.

Himatsingka Seide has received approval from its board for total investment of approximately Rs 17.34 crore in Atria Wind Power (Basavana Bagewadi) and Atria Wind Power (Chitradurga), special Purpose Vehicles (SPVs) of Atria Wind Power, Bangaluru.

The company proposes to procure energy to fulfill part of the power requirements of the plants on a sustainable basis and contribute to reduction in carbon footprint. The said proposal would qualify under Group Captive Power scheme.

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.

Himatsingka Seide Share Price

122.75 1.30 (1.07%)
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
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