Bannari Amman Spinning jumps on becoming subsidiary of Murugan Enterprise

20 Nov 2020 Evaluate

Bannari Amman Spinning Mills is currently trading at Rs. 89.80, up by 2.35 points or 2.69% from its previous closing of Rs. 87.45 on the BSE.

The scrip opened at Rs. 91.60 and has touched a high and low of Rs. 91.60 and Rs. 88.05 respectively. So far 947 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.25 on 20-Jan-2020 and a 52 week low of Rs. 65.05 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 93.60 and Rs. 84.35 respectively. The current market cap of the company is Rs. 143.36 crore.

The promoters holding in the company stood at 55.55%, while Non-Institutions held 44.45% stake in the company.

Bannari Amman Spinning Mills has become a subsidiary of Murugan Enterprise with effect from November 19, 2020, consequent to the acquisition of 779500 equity shares of Rs 10 each, thereby constituting 54.48% in aggregate of the Paid-up Share Capital of the Company.

Bannari Amman Spinning Mills, is a vertically integrated textile company engaged in the manufacture of cotton yarn, woven and knitted fabrics, finished garments, home textiles and wind power generation.

Bannari Amman Spg Share Price

37.92 -0.11 (-0.29%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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Filatex India 58.50
Sutlej Textiles&Inds 50.30
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