Pearl Polymers is currently trading at its upper circuit limit of Rs. 19.60, up by 0.90 points or 4.76% from its previous closing of Rs. 18.90 on the BSE.
The scrip opened at Rs. 19.75 and has touched a high and low of Rs. 19.80 and Rs. 18.05 respectively. So far 71441 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.00 on 29-Jul-2020 and a 52 week low of Rs. 7.85 on 15-Oct-2019.
Last one week high and low of the scrip stood at Rs. 19.80 and Rs. 15.90 respectively. The current market cap of the company is Rs. 31.99 crore.
The promoters holding in the company stood at 55.60%, while Institutions and Non-Institutions held 2.47% and 41.93% respectively.
Pearl Polymers’ board has approved the sale and transfer of the company's business undertaking(s) engaged in manufacturing, marketing and sale of rigid plastic packaging solutions for sale gift or supply to other business entities for packaging of products (B2B Business) on a going concern basis, by way of a slump sale for a lump sum consideration without values being assigned to any individual assets and assumed liabilities, to Manjushree Technopack (MTL) on such terms and conditions as provided under the Business Transfer Agreement (BTA) dated September 21, 2020 executed between the company and MTL. The Board of Directors of the company in its meeting held on September 21, 2020 has approved the same.
Pearl Polymers (PPL) incorporated in 1971, is engaged in manufacturing of Polyethylene Terephthalate (PET) products. It has created flagship brand namely PEARLPET. The company has an in-house research and development facility that is equipped with CAD systems, in-house mould development and team of skilful employees.
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