Prince Pipes & Fittings soars on launching two new plumbing, drainage solutions
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Prince Pipes and Fittings is currently trading at Rs. 589.05, up by 26.85 points or 4.78% from its previous closing of Rs. 562.20 on the BSE.
The scrip opened at Rs. 569.95 and has touched a high and low of Rs. 593.65 and Rs. 563.55 respectively. So far 13351 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.90 on 03-Dec-2021 and a 52 week low of Rs. 513.10 on 28-Oct-2022.
Last one week high and low of the scrip stood at Rs. 593.65 and Rs. 541.05 respectively. The current market cap of the company is Rs. 6497.12 crore.
The promoters holding in the company stood at 62.94%, while Institutions and Non-Institutions held 18.56% and 18.50% respectively.
Prince Pipes & Fittings has launched two new, world class plumbing and drainage solutions i.e. Skolan Safe a Premium Polypropylene (PP) Silent Drainage System and Prince Hauraton - a modern range of Surface Drainage solutions. This initiative is a part of the Company’s growth strategy to bring innovative products to the Indian markets. It will now offer a world class range of technology-oriented drainage and plumbing solutions, segmented under the modern plumbing vertical.
Skolan Safe Premium PP Silent Drainage Systems offers the latest technological innovation in noise insulated drainage systems sound rated at 12 db at 2 lps flow rate and certified by Fraunhofer, Germany. The product offers excellent acoustic and mechanical qualities, durability and robustness derived from the raw material polypropylene (PP) with mineral fillers.
Prince Hauraton is an innovative range of drainage systems developed with German technology. Hauraton is one of the world leaders in supplying effective drainage systems for over 65 years. The products find application across civil constructions (car parks, airports, container terminals, petrol stations), landscapes (private & public areas, terraces, gardens, squares & parks, railway platforms) and sports facilities (sports fields, stadiums, racetracks).
Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.
