Filatex India surges on obtaining patent for recycling of Polyethylene Terephthalate waste
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Filatex India is currently trading at Rs. 110.05, up by 4.00 points or 3.77% from its previous closing of Rs. 106.05 on the BSE.
The scrip opened at Rs. 105.45 and has touched a high and low of Rs. 113.65 and Rs. 105.45 respectively. So far 77846 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.30 on 18-Jan-2022 and a 52 week low of Rs. 72.50 on 21-Dec-2021.
Last one week high and low of the scrip stood at Rs. 112.25 and Rs. 105.45 respectively. The current market cap of the company is Rs. 2507.44 crore.
The promoters holding in the company stood at 64.85%, while Institutions and Non-Institutions held 4.45% and 30.70% respectively.
Filatex India has obtained patent for an invention entitled- A process for recycling of Polyethylene Terephthalate (Pet) waste for the period of 20 years with effect from June 02, 2021. A patent has been granted on September 01, 2022 to the company.
Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. The company manufactures polyester and polypropylene multifilament yarn, and polyester chips.
