Prince Pipes & Fittings is currently trading at Rs. 312.40, up by 17.10 points or 5.79% from its previous closing of Rs. 295.30 on the BSE.
The scrip opened at Rs. 297.00 and has touched a high and low of Rs. 321.55 and Rs. 297.00 respectively. So far 119420 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.55 on 20-Jan-2021 and a 52 week low of Rs. 75.00 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 321.55 and Rs. 277.60 respectively. The current market cap of the company is Rs. 3436.65 crore.
The promoters holding in the company stood at 63.25%, while Institutions and Non-Institutions held 17.07% and 19.69% respectively.
Prince Pipes & Fittings has received first tranche of Rs 26.10 crore from Prince Marketing (Promoter group entity).
The company had remitted an advance amount of Rs 40 crore to Prince Marketing for the purchase of immovable property in Mumbai. The conveyance of the immovable property between the company and Prince Marketing, had not been completed. Accordingly, The company and Prince Marketing entered into an agreement to record the terms of repayment of the advance amount. In the month of January, 2021 the first major tranche of the advance payment of Rs 26.10 crore has been received by the company.
Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.
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