RattanIndia Enterprises shines on launching direct-to-consumer fashion brands business with Neobrands
RattanIndia Enterprises is currently trading at Rs. 40.98, up by 2.37 points or 6.14% from its previous closing of Rs. 38.61 on the BSE.
The scrip opened at Rs. 39.50 and has touched a high and low of Rs. 41.42 and Rs. 39.50 respectively. So far 441945 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.70 on 03-Jun-2022 and a 52 week low of Rs. 30.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 41.42 and Rs. 38.31 respectively. The current market cap of the company is Rs. 5675.60 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 9.50% and 15.64% respectively.
RattanIndia Enterprises has launched direct-to-consumer apparel fashion brands business in its 100% wholly owned subsidiary Neobrands. Neobrands will be a house of brands across multiple fashion categories including everyday fashion, denims, athleisure and performance wear categories. The brands are aimed at capturing the fast-growing fashion and apparel market in India. The brands are designed to offer young consumers stylish, premium-quality clothing at affordable prices.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.