Sangam (India) rises on getting nod under PLI scheme for manufacturing of textiles products in India
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Sangam (India) is currently trading at Rs. 347.00, up by 3.50 points or 1.02% from its previous closing of Rs. 343.50 on the BSE.
The scrip opened at Rs. 347.70 and has touched a high and low of Rs. 361.40 and Rs. 344.00 respectively. So far 8961 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 423.40 on 24-Jan-2022 and a 52 week low of Rs. 75.70 on 20-Apr-2021.
Last one week high and low of the scrip stood at Rs. 361.40 and Rs. 301.80 respectively. The current market cap of the company is Rs. 1505.43 crore.
The promoters holding in the company stood at 61.44%, while Institutions and Non-Institutions held 0.60% and 37.95% respectively.
Sangam (India) has been granted approval under Production Linked Incentive (PLI) Scheme from Ministry of Textile, Government of India for manufacturing of textiles products in India. Ministry of Textile, Government of India has approved the abovementioned application for availing the benefits under PLI Scheme on April 14, 2022.
Sangam (India) is the largest producer of PV dyed yarn in Asia at a single location. It is also a forerunner in manufacturing ready to stitch fabric.
