MoneyWorks4Me

RSWM shines on entering into MoU with PICDPL

26 Oct 2021 Evaluate

RSWM is currently trading at Rs. 363.00, up by 16.75 points or 4.84% from its previous closing of Rs. 346.25 on the BSE.

The scrip opened at Rs. 378.00 and has touched a high and low of Rs. 378.00 and Rs. 337.50 respectively. So far 2970 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 438.75 on 04-Aug-2021 and a 52 week low of Rs. 85.35 on 27-Oct-2020.

Last one week high and low of the scrip stood at Rs. 380.10 and Rs. 327.90 respectively. The current market cap of the company is Rs. 845.00 crore.

The promoters holding in the company stood at 53.16%, while Institutions and Non-Institutions held 2.57% and 44.27% respectively.

RSWM has entered into a memorandum of understanding (MOU) with Pegasus Inland Container Depot (PICDPL) for sale/transfer of Private Freight Terminal (PFT) of the company situated at Namil, Madhya Pradesh. The PFT was hitherto being used as railway siding for getting coal from South Eastern Coalfield (SECL) and then transporting it to thermal power plant at Mordi, Banswara.

The requirement of thermal power plant is being met mostly through alternate sources as SECL arrangement is not there now and Coal is being transported from port or other location by road transport. The proposal would be subject to necessary approval from Government Authorities including Railways.

RSWM is a leader in the domestic and international textile industry. It understands its customers’ and its planet's needs all the same.

Peers
Company Name CMP
Vardhman Textiles 560.40
Welspun Living 223.00
Arvind 552.40
Raymond Lifestyle 690.00
K.P.R. Mill 1110.65
View more..