Dollar Industries soars on planning to become Rs 2000 crore company by FY25
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Dollar Industries is currently trading at Rs. 445.10, up by 12.20 points or 2.82% from its previous closing of Rs. 432.90 on the BSE.
The scrip opened at Rs. 439.00 and has touched a high and low of Rs. 457.00 and Rs. 434.35 respectively. So far 14872 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.70 on 20-Jan-2022 and a 52 week low of Rs. 302.80 on 29-Jun-2021.
Last one week high and low of the scrip stood at Rs. 519.20 and Rs. 422.85 respectively. The current market cap of the company is Rs. 2514.79 crore.
The promoters holding in the company stood at 72.91%, while Institutions and Non-Institutions held 1.98% and 25.10% respectively.
Dollar Industries is aiming to become a Rs 2000 crore company by 2024-25 and will invest Rs 120 crore by the same year to double its spinning capacity. As a part of its Vision 2025, the company has earmarked Rs 120 crore for expansion and new launches. It would set up one more spinning mill at Dindugul in Tamil Nadu and start a new world-class warehousing facility cum hosiery park at Jagdishpur in West Bengal.
Dollar Industries is the only hosiery and knitwear company in India. The company has become one of the leading brands in the hosiery sector.
