Mallcom (India) gains on entering into MoU with Government of Gujarat
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Mallcom (India) is currently trading at Rs. 698.35, up by 9.85 points or 1.43% from its previous closing of Rs. 688.50 on the BSE.
The scrip opened at Rs. 701.70 and has touched a high and low of Rs. 709.95 and Rs. 693.40 respectively. So far 123 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 897.40 on 22-Apr-2022 and a 52 week low of Rs. 590.00 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 732.00 and Rs. 671.00 respectively. The current market cap of the company is Rs. 433.27 crore.
The promoters holding in the company stood at 73.78% while Non-Institutions held 26.22%stake in the company.
Mallcom (India) has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to set up the manufacturing facility for Protech PU Gloves, Protech NBR Gloves, Safety Helmet, Safety Eyewear (PPE) with an estimated project cost of Rs 108.22 crore at Sanand-II Industrial Estate, Gujarat, subject to such approvals and clearances, as may be required.
Mallcom (India) is engaged in the manufacture, export and distribution of a wide range of Personal Protective Equipment (PPE) since 1983.
