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Mohit Industries surges on plans to expand AAC Block Division

28 Jan 2013

Mohit Industries is currently trading at Rs. 53.00, up by 1.30 points or 2.51% from its previous closing of Rs. 51.70 on the BSE.

The scrip opened at Rs. 55.65 and has touched a high and low of Rs. 55.65 and Rs. 51.30 respectively. So far 9036 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.00 on 04-Dec-2012 and a 52 week low of Rs. 24.15 on 29-Mar-2012.

Last one week high and low of the scrip stood at Rs. 57.70 and Rs. 51.00 respectively. The current market cap of the company is Rs. 73.62 crore.

The promoters holding in the company stood at 66.73% while Institutions and Non-Institutions held 1.31% and 31.96% respectively.

Mohit Industries has decided to expand its AAC Block Division by installing two AAC Block plants having capacity of 3 lakh cubic meter per year in each Plant. The entity aims to start the commercial Production in one plant in Dec 2013 and other plant in March 2014.

Mohit Industries is involved in manufacturing of DTY (Drawn Textured Yarn) and grey fabric. The company’s plants are located at Kim (Surat) and Silvassa. Currently it has an installed capacity of 22537 MTPA for manufacturing DTY and 9.50 million metres pa for manufacturing grey fabric. The company also has a captive gas based power plant with power generation capacity of 451 KVA.

Related Mohit Industries Ltd. Links:

Mohit Industries Share Price

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SEBI Registered: Investment Adviser - INA000013323