Safari Industries shines on starting commercial production of additional capacity at Halol factory
Safari Industries is currently trading at Rs. 1777.95, up by 82.50 points or 4.87% from its previous closing of Rs. 1695.45 on the BSE.
The scrip opened at Rs. 1729.00 and has touched a high and low of Rs. 1795.00 and Rs. 1729.00 respectively. So far 1316 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1975.25 on 10-Nov-2022 and a 52 week low of Rs. 781.00 on 22-Feb-2022.
Last one week high and low of the scrip stood at Rs. 1795.00 and Rs. 1671.65 respectively. The current market cap of the company is Rs. 4161.69 crore.
The promoters holding in the company stood at 47.24%, while Institutions and Non-Institutions held 27.03% and 25.74% respectively.
Safari Industries has successfully commenced its additional commercial production/manufacturing of luggage on January 09, 2023 at its factory situated at Halol, Gujarat. Consequently, the effective production capacity of the Company has increased from 2,50,000 pieces per month to 3,00,000 pieces per month. The total production capacity of the Group viz. Safari Industries (India) along with its subsidiary Safari Manufacturing has reached to 5,25,000 pieces per month.
Earlier, the company’s subsidiary-- Safari Manufacturing had commenced its additional commercial production/manufacturing of luggage on January 2, 2023 at its factory situated at Halol, Gujarat.
Safari Industries (India) is engaged in the manufacturing and marketing of luggage and luggage accessories.
