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Indo Count Industries surges on entering into partnership with Bosconet

11 Sep 2020 Evaluate

Indo Count Industries is currently trading at Rs. 83.40, up by 1.40 points or 1.71% from its previous closing of Rs. 82.00 on the BSE.

The scrip opened at Rs. 82.70 and has touched a high and low of Rs. 84.85 and Rs. 82.05 respectively. So far 9307 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.85 on 11-Sep-2020 and a 52 week low of Rs. 21.85 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 84.85 and Rs. 74.00 respectively. The current market cap of the company is Rs. 1638.42 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 7.35% and 33.71% respectively.

Indo Count Industries has entered into partnership with Bosconet -- a New Delhi-based NGO, to launch GivingwithLiving, their social responsibility campaign in support of stranded migrant labour. Through the campaign that launched on September 09, 2020, the company has promised a donation of one bedsheet to Bosconet on every sale of their iconic Luxury 400 and 300 thread count bedsheet sets via Myntra. Bosconet will thereafter, distribute the bedsheets among migrant labourers across the cities of India.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.

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