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Gloster surges on incorporating WOS company

30 Jan 2020 Evaluate

Gloster is currently trading at Rs. 658.00, up by 12.75 points or 1.98% from its previous closing of Rs. 645.25 on the BSE.

The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 660.00 and Rs. 650.00 respectively. So far 2550 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1415.00 on 06-Feb-2019 and a 52 week low of Rs. 555.05 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 660.00 and Rs. 622.60 respectively. The current market cap of the company is Rs. 360.03 crore.

The promoters holding in the company stood at 72.56%, while Institutions and Non-Institutions held 18.58% and 8.85% respectively.

Gloster has incorporated a wholly owned subsidiary (WOS) namely, ‘Gloster Nuvo’ on January 27, 2020. Gloster Nuvo will be operating in jute and allied products. However at present it is yet to commence its business operations.

The company engages in manufacturing and exporting of jute and jute allied products, woven and non-woven jute geotextiles, floor covering, home furnishing, bags, and other related products.

Peers
Company Name CMP
Vardhman Textiles 567.35
Welspun Living 207.80
Arvind 575.25
Raymond Lifestyle 693.70
K.P.R. Mill 1109.40
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