Fiberweb rises despite getting nod to close down subsidiary situated in United Arab Emirates
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Fiberweb (India) is currently trading at Rs. 34.15, up by 0.08 points or 0.23% from its previous closing of Rs. 34.07 on the BSE.
The scrip opened at Rs. 33.65 and has touched a high and low of Rs. 34.80 and Rs. 33.60 respectively. So far 3346 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.50 on 25-Apr-2022 and a 52 week low of Rs. 28.00 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 35.15 and Rs. 33.35 respectively. The current market cap of the company is Rs. 99.76 crore.
The promoters holding in the company stood at 46.33%, while Institutions and Non-Institutions held 0.19% and 53.48% respectively.
Fiberweb (India) has received an approval for close down of the wholly owned subsidiary of the company M/s Sheth Non-Woven Trading FZE situated in Ras Alkhaimah, United Arab Emirates due to its non-operations. The Board of Directors of the company at its meeting held on the March 17, 2023, approved the same.
Fiberweb (India) is engaged in the manufacture of High Quality Spun Bond NONWOVEN Roll Goods Used in Hygiene Industry, Agriculture Crop Cover, Medical & Industrial Clothing & other Innovative Uses.
