Prima Plastics surges on plan of starting trading in wood composite door

18 Aug 2011

Prima Plastics is currently trading at Rs 15.25, up by 0.40 points or 2.69% from its previous closing of Rs 14.85 on the BSE.

The scrip opened at Rs 15.40 and has touched a high and low of Rs 15.40 and Rs 14.05 respectively. So far 1007 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 30.70 on 27-Oct-2010 and a 52 week low of Rs 11.05 on 30-Mar-2011.

Last one week high and low of the scrip stood at Rs 16.45 and Rs 14.05 respectively. The current market cap of the company is Rs 17.00 crore.

The promoters holding in the company stood at 58.89% while Institutions and Non-Institutions held 0.02% and 41.08% respectively. 

Prima Plastics has received an approval where the board discussed about business of wood composite door and decided to start trading in the said business and may source such doors from local manufacturers and / or imports. The company has received approval at its board meeting held on August 11, 2011.

In November last year, the company’s board approved setting up of a manufacturing unit for moulded furniture and household articles in Nigeria and manufacturing unit for HDPE/PP- Woven Sacks Bags at Cameroon in JV with the  total investment of about Rs 10 crore.

Prima Plastics is one of the leading exporters of plastic moulded furniture from India. With its state of the art production facilities situated at Daman, it has a phenomenal range and variety of products. The complete range of items from chairs, dining tables, stools, baby chairs etc have been manufactured using the latest imported machinery and moulds. Prima is known for its international quality products, unmatched range of colours, unique and innovative designs, luster finish etc.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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