Sangam India is currently trading at Rs. 30.00, up by 0.25 points or 0.84% from its previous closing of Rs. 29.75 on the BSE.
The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 30.25 and Rs. 30.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.00 on 24-Nov-2010 and a 52 week low of Rs. 28.10 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 31.00 and Rs. 29.30 respectively. The current market cap of the company is Rs. 117.28 crore.
The promoters holding in the company stood at 36.99% while Institutions and Non-Institutions held 5.24% and 57.76% respectively.
Sangam India, a textile company is likely to invest Rs 180 crore to double its denim capacity to 32 million meters, set up texturing yarn production capacity of 7,200 tonnes per annum and install 2,304 rotors for open ended yarn at Bhilwara in Rajasthan. The company aims to raise Rs 135 crore at a subsidized interest rate of 6.75% through Technology Upgradation Fund (TUF) and for remaining fund it will utilize internal accruals.
By December the company eyes to complete the project and target the growing demand for fancy denim which is produced by blending cotton, poly viscose, lycra and texturing yarn. It will also spend Rs 50 crore over three years to establish its recently launched Sangam Suitings, the suits made of poly viscose and cotton has been well accepted.
Sangam Suiting has several brands such as Savana, Wills & Scott, Cavalier, Signet and Linovita under its fold. It recently launched a new anti-bacterial and anti-moisture range Glacier.
| Company Name | CMP |
|---|---|
| PDS | 431.00 |
| Vardhman Textiles | 432.40 |
| Arvind | 363.05 |
| Welspun Living | 141.95 |
| Alok Inds | 26.22 |
| View more.. | |
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