Pradip Overseas touches the roof on getting nod for Corporate Debt Restructuring

26 Dec 2013 Evaluate

Pradip Overseas is currently trading at its upper circuit limit of Rs. 5.43, up by 0.25 points or 4.83% from its previous closing of Rs. 5.18 on the BSE.

The scrip opened at Rs. 5.43 and has touched a high and low of Rs. 5.43 and Rs. 5.43 respectively. So far 1175 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.70 on 02-Jan-2013 and a 52 week low of Rs. 3.50 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 5.43 and Rs. 4.28 respectively. The current market cap of the company is Rs. 25.43 crore.

The promoters holding in the company stood at 59.04% while Institutions and Non-Institutions held 0.09% and 40.87% respectively. Pradip Overseas, an Ahmedabad-based home linen maker, has informed that the scheme of restructuring of financial facilities availed by the company from the bank has been approved by the CDR Cell.

Earlier on May this year, the company had decided to approach to the Corporate Debt Restructuring (CDR) Cell for restructuring of the financial facilities availed by the company from all banks. The board of directors at its meeting held on May 30, 2013 had approved for the same.

Pradip Overseas is one of the few textile manufacturers with niche focus on Home Linen Products of both, wider width and narrow width. In addition to the sales in the domestic markets, its products are being exported to markets in more than twenty countries.

Pradip Overseas Share Price

1.14 0.00 (0.00%)
14-Oct-2021 18:01 View Price Chart
Peers
Company Name CMP
PDS 483.65
Vardhman Textiles 451.95
Arvind 314.15
Welspun Living 153.05
Alok Inds 27.54
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