Tirupati Starch & Chemicals rises on inking pact with HDFC Bank
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Tirupati Starch & Chemicals is currently trading at Rs. 76.50, up by 0.95 points or 1.26% from its previous closing of Rs. 75.55 on the BSE.
The scrip opened at Rs. 79.20 and has touched a high and low of Rs. 79.20 and Rs. 73.00 respectively. So far 666 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.65 on 10-Aug-2022 and a 52 week low of Rs. 58.50 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 83.70 and Rs. 73.00 respectively. The current market cap of the company is Rs. 61.90 crore.
The promoters holding in the company stood at 67.99%, while Institutions and Non-Institutions held 0.30% and 31.71% respectively.
Tirupati Starch & Chemicals has entered into agreement with HDFC Bank for availing secured credit facilites amounting to Rs 60 crore. The company has entered into agreement with HDFC Bank on June 21, 2023.
Earlier, the company had entered into Loan Agreement with TATA Capital Financial Services for availing a secured term loan upto Rs 7.75 crore to be utilized for general corporate purposes.
Tirupati Starch & Chemicals is a producer of maize starch powder, maize gluten, maize grit yellow dextrine and white dextrin.
