Shiva Texyarn trades jubilantly on acquiring 26% stake in L K Distributors
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Shiva Texyarn is currently trading at Rs. 236.50, up by 18.35 points or 8.41% from its previous closing of Rs. 218.15 on the BSE.
The scrip opened at Rs. 220.30 and has touched a high and low of Rs. 245.10 and Rs. 212.60 respectively. So far 16067 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.15 on 20-Jan-2022 and a 52 week low of Rs. 134.40 on 28-Apr-2021.
Last one week high and low of the scrip stood at Rs. 234.75 and Rs. 212.60 respectively. The current market cap of the company is Rs. 297.82 crore.
The promoters holding in the company stood at 74.04%, while Institutions and Non-Institutions held 0.01% and 25.96% respectively.
Shiva Texyarn (STYL) has acquired 26% of equity stake in L K Distributors (LKDPL) on April 27, 2022. Due to the said acquisition, LKDPL has become an Associate Company of STYL with effect from April 27, 2022.
Shiva Texyarn is engaged in the manufacturing and marketing of cotton yarn and other textile products.
