Shree Rama Multi-Tech inches up on planning to make investment in form of CAPEX
Shree Rama Multi-Tech is currently trading at Rs. 9.95, up by 0.01 points or 0.10% from its previous closing of Rs. 9.94 on the BSE.
The scrip opened at Rs. 10.05 and has touched a high and low of Rs. 10.10 and Rs. 9.72 respectively. So far 7786 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 18.20 on 05-Sep-2022 and a 52 week low of Rs. 9.05 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 10.50 and Rs. 9.70 respectively. The current market cap of the company is Rs. 62.81 crore.
The promoters holding in the company stood at 42.51%, while Non-Institutions held 57.49% stake in the company.
Shree Rama Multi-Tech has planned to make an investment in form of CAPEX for around Rs 17 crore for purchase of Multi- Layer film plant of the company. The Board of Directors of the Company at its meeting held on March 06, 2023 has decided the same.
Shree Rama Multi-Tech is one of the largest producers of laminated tubes, monolayer & multi-layer tubes for toothpaste, shaving cream & beauty cream and ointment, epoxy, adhesives, self adhesive labels, flexible and tube laminates (for toothpaste), specialty laminates, paper cups & HIPS cups, and Tarpaulin.
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