Nitin Spinners shines on commencing commercial production on Finished Fabric Division

01 Jan 2020 Evaluate

Nitin Spinners is currently trading at Rs. 54.85, up by 4.05 points or 7.97% from its previous closing of Rs. 50.80 on the BSE.

The scrip opened at Rs. 52.00 and has touched a high and low of Rs. 55.00 and Rs. 51.90 respectively. So far 20033 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.00 on 18-Jan-2019 and a 52 week low of Rs. 45.25 on 19-Nov-2019.

Last one week high and low of the scrip stood at Rs. 55.00 and Rs. 46.00 respectively. The current market cap of the company is Rs. 305.84 crore.

The promoters holding in the company stood at 55.82%, while Institutions and Non-Institutions held 16.11% and 28.08% respectively.

Nitin Spinners has commenced commercial production on Finished Fabric Division at Bhanwaria Kalan, Tehsil-Begun, District-Chittorgarh, Rajasthan on January 1, 2020. With this, all the activities of expansion project related to Integrated Textile Unit has been completed.

Nitin Spinners engaged in the textiles business. They manufacture the range of yarn which include open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends.

Nitin Spinners Share Price

320.85 -8.70 (-2.64%)
28-Mar-2024 16:01 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
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