T T trades higher on inking MOU with Uttar Pradesh Government
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T.T. is currently trading at Rs. 87.64, up by 3.52 points or 4.18% from its previous closing of Rs. 84.12 on the BSE.
The scrip opened at Rs. 85.20 and has touched a high and low of Rs. 88.00 and Rs. 85.20 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.90 on 03-Nov-2022 and a 52 week low of Rs. 64.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 88.00 and Rs. 82.30 respectively. The current market cap of the company is Rs. 188.41 crore.
The promoters holding in the company stood at 58.66%, while Institutions and Non-Institutions held 0.06% and 41.29% respectively.
T T has signed a Memorandum of Understanding (MOU) with Uttar Pradesh Government to participate in PM Mitra Park at Lucknow, Uttar Pradesh for establishing Textile Vertical unit. The company has signed an MOU on August 23, 2023. The company has applied for 15 acres land in the main capital city of Uttar Pradesh and its link to entire Uttar Pradesh by express way. It will build a large size textile vertical unit from Fibre to Fashion at PM Mitra Park, Lucknow, Uttar Pradesh.
The company has already started building factory at Hosiery Park, Kolkata, West Bengal and this would be completed in a years of time. A unit at Surat to manufacture fabric under upcoming Textile Ministry PLI-2 scheme is also under planning. Company is also planning to set up new Garment factory at Tamil Nadu.
T T is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth.
