Sky Industries rises on getting nod to incorporation of wholly owned subsidiary
Sky Industries is currently trading at Rs. 67.00, up by 0.48 points or 0.72% from its previous closing of Rs. 66.52 on the BSE.
The scrip opened at Rs. 66.80 and has touched a high and low of Rs. 68.40 and Rs. 63.80 respectively. So far 2205 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.00 on 12-Sep-2022 and a 52 week low of Rs. 57.00 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 68.40 and Rs. 60.12 respectively. The current market cap of the company is Rs. 52.87 crore.
The promoters holding in the company stood at 58.33%, while Non-Institutions held 41.67% stake in the company.
Sky Industries has received approval from the Ministry of Corporate Affairs for the incorporation of wholly owned subsidiary (WOS) of the company in the name of ‘Skytech Textiles’.
The objective of incorporation is to carry on business as manufacturers, processors, fabricators, packers, assemblers, laminators, repairers, buyers, sellers, dealers, brokers, importers, exporters, warehousing agents, commission agents and servicing agents, of all types of coated products, flocked products, fabric tapes, elastic laces, fasteners, products of polyurethane or Pu foam, detergents binders, resins, fibers, leather, adhesives, nonwoven, jute felts, their raw materials and their by-products, and deal in machineries, equipment, accessories, components, appliances and all sorts of materials, articles, commodities and substances required for any of the foregoing businesses or activities connected therewith.
Sky Industries is India's largest manufacturer of hook and loop tape fasteners.
