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Sintex Industries rises on plan to set up new Spinning Unit of Textile Division

12 Jul 2013 Evaluate

Sintex Industries is currently trading at Rs. 42.25, up by 0.35 points or 0.84% from its previous closing of Rs. 41.90 on the BSE.

The scrip opened at Rs. 42.20 and has touched a high and low of Rs. 43.95 and Rs. 41.35 respectively. So far 1201648 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 75.60 on 12-Oct-2012 and a 52 week low of Rs. 36.65 on 26-Jun-2013.

Last one week high and low of the scrip stood at Rs. 43.95 and Rs. 38.70 respectively. The current market cap of the company is Rs. 1318.19 crore.

The promoters holding in the company stood at 36.16% while Institutions and Non-Institutions held 34.99% and 28.85% respectively.

Sintex Industries’ Board of Directors at its meeting held on July 12, 2013, has approved for exploring the possibility of setting up of new Spinning Unit of Textile Division in the state of Gujarat under TUFS Scheme of the Central Government and Gujarat Textile Policy, 2012 for approximately 320,000 spindles at projected cost of Rs 1700 crore. It may be further increased up to 1 million Spindles in 5 years time horizon.

Sintex Industries (earlier known as The Bharat Vijay Mills has two divisions - textiles and plastics.

 

Sintex Industries Share Price

2.21 0.00 (0.00%)
10-Feb-2023 18:03 View Price Chart
Peers
Company Name CMP
Welspun Living 124.75
Vardhman Textiles 552.45
Arvind 386.85
K.P.R. Mill 923.10
Page Industries 38172.05
View more..

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