Bright Brothers soars on planning to set up two manufacturing units
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Bright Brothers is currently trading at Rs. 144.95, up by 3.80 points or 2.69% from its previous closing of Rs. 141.15 on the BSE.
The scrip opened at Rs. 148.00 and has touched a high and low of Rs. 148.00 and Rs. 141.50 respectively. So far 1107 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 225.90 on 27-Jul-2021 and a 52 week low of Rs. 93.00 on 04-Jun-2021.
Last one week high and low of the scrip stood at Rs. 150.50 and Rs. 135.10 respectively. The current market cap of the company is Rs. 81.80 crore.
The promoters holding in the company stood at 53.94%, while Non-Institutions 46.06% stake in the company.
Bright Brothers is planning to set up two manufacturing units i.e State infrastructure and Industrial Development Corporation Uttarakhand (SIDCUL) in Haridwar and State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Hosur. Further, these manufacturing units would also have capacity to enhance its production to cater to its new customers.
Bright Brothers Limited is one of the renowned brands offering Consumer Durable and Plastic Household Containers for various residential and commercial purposes.
