Ganesha Ecosphere trades higher on signing mutual collaboration agreement with Applied DNA
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Ganesha Ecosphere is currently trading at Rs. 507.00, up by 9.10 points or 1.83% from its previous closing of Rs. 497.90 on the BSE.
The scrip opened at Rs. 500.25 and has touched a high and low of Rs. 508.40 and Rs. 495.45 respectively. So far 1651 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.70 on 03-Mar-2021 and a 52 week low of Rs. 246.20 on 23-Oct-2020.
Last one week high and low of the scrip stood at Rs. 521.00 and Rs. 480.00 respectively. The current market cap of the company is Rs. 1106.75 crore.
The promoters holding in the company stood at 42.14%, while Institutions and Non-Institutions held 15.86% and 41.99% respectively.
Applied DNA Sciences, Inc. has signed a mutual collaboration agreement with Ganesha Ecosphere (Ganesha). Under the terms of the Agreement, Ganesha will deploy the CertainT platform, Applied DNA's traceability system, to tag an initial pilot production of recycled polyester (rPET) at Ganesha's facilities in India and conduct confirmatory samples testing at Applied DNA's laboratories in India and the U.S.
The collaboration between the two companies will provide brands and textile manufacturers with a trusted solution to support their sustainability goals for rPET and confirm raw material authenticity at all stages of the textile value chain.
Ganesha Ecosphere is a manufacturer of Polyester Staple Fibre and Textured / Twisted Grey and Dyed Yarn.
