SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Texmo Pipes & Products surges on acquiring 51% of equity share capital of Shree Venkatesh Industries

21 Mar 2024 Evaluate

Texmo Pipes & Products is currently trading at Rs. 78.38, up by 2.54 points or 3.35% from its previous closing of Rs. 75.84 on the BSE.

The scrip opened at Rs. 76.05 and has touched a high and low of Rs. 78.90 and Rs. 76.05 respectively. So far 7763 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.00 on 19-Feb-2024 and a 52 week low of Rs. 41.00 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 81.39 and Rs. 73.01 respectively. The current market cap of the company is Rs. 226.23 crore.

The promoters holding in the company stood at 44.24%, while Institutions and Non-Institutions held 0.60% and 55.16% respectively.

Texmo Pipes & Products has subscribed and acquired 51% of equity share capital of Shree Venkatesh Industries. The Company promotes the said Company resulting in working of operations of the said Company’s business i.e. Manufacturing and trading of Plastic Products, Pipes, Tanks and Fittings and other allied services and products.

Pursuant to the aforesaid transaction, the Company holds 51% of the total Equity Share Capital of the aforesaid Company, thereby becomes the Subsidiary Company of Company. The cost of acquisition i.e. 10,409 Equity Shares of Shree Venkatesh Industries is Rs 20.60 crore at the rate of Rs 19,800 each including premium.

Texmo Pipes & Products is engaged into manufacturing of range of PVC and HDPE pipes viz. suction and delivery hose pipe etc.

Texmo Pipes & Prod. Share Price

43.29 -1.75 (-3.89%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3799.00
Astral 1625.85
Finolex Inds 165.10
Nilkamal 1275.35
Jain Irrigation Sys 31.99
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×