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TT soars as its spinning project in Gujarat is set to start trial production from March 2013

T.T. Ltd. | Textile | Textiles & Apparels | BSE: 514142 | NSE: TTL

07 Feb 2013 Evaluate

TT is currently trading at Rs. 23.50, up by 0.50 points or 2.17% from its previous closing of Rs. 23.00 on the BSE.

The scrip opened at Rs. 22.10 and has touched a high and low of Rs. 23.50 and Rs. 22.10 respectively. So far 1050 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.85 on 15-Nov-2012 and a 52 week low of Rs. 15.50 on 24-May-2012.

Last one week high and low of the scrip stood at Rs. 23.90 and Rs. 21.65 respectively. The current market cap of the company is Rs. 50.52 crore.

The promoters holding in the company stood at 54.75% while Institutions and Non-Institutions held 0.01% and 45.24% respectively.

TT’s, new spinning project located at Rajula in Gujarat would start trial production from March 2013, and would be deeply benefited from the new textile policy of Gujarat. This would give an additional gain of 7% interest subsidy, VAT concessions and cheaper power which would add substantially to the bottomline of the company next year.

Besides, the company has also aggressively started online marketing of its garment line at ttgarments.com and this is allowing the company to connect directly with the internet savvy youth through social media and eCommerce platform.

Further, the company has introduced various new products in its summer offering in all the 3 categories of Men, Woman and Kids. It is also starting a new TV campaign with its new slogan - ‘Zindagi is Good’. This is further expected to enhance the brand equity and increase the contribution of the high margin garment segment in the total business portfolio.

TT (formerly named as Tirupati Texknit) is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth at its units at Gajroula (U.P) and Avinashi (Tamil Nadu). The company is a progressive organization with sound investments in good quality systems and innovative marketing.

T.T. Share Price

8.44 -0.41 (-4.63%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Welspun Living	126.75
Vardhman Textiles	549.50
Arvind	385.05
K.P.R. Mill	919.20
Page Industries	38400.65
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TT soars as its spinning project in Gujarat is set to start trial production from March 2013

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