Hitech Plast gains on commencing commercial production from new manufacturing unit in Satara

Hitech Plast is currently trading at Rs. 42.50, up by 0.75 points or 1.80% from its previous closing of Rs. 41.75 on the BSE.

The scrip opened at Rs. 40.70 and has touched a high and low of Rs. 43.85 and Rs. 40.70 respectively. So far 1,046 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.00 on 05-Jul-2012 and a 52 week low of Rs. 39.00 on 25-Mar-2013.

The current market cap of the company is Rs. 55.00 crore.

The promoters holding in the company stood at 66.67% while Institutions and Non-Institutions held 3.75% and 29.58% respectively.

Hitech Plast has completed the first phase of new manufacturing unit located at Khandala, Satara district in Maharashtra and the commercial production has started with effect from March 30, 2013.

Hitech Plast is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.