Active Clothing rises on entering into MoU with Ningbo Cixing
Active Clothing is currently trading at Rs. 152.50, up by 1.00 points or 0.66% from its previous closing of Rs. 151.50 on the BSE.
The scrip opened at Rs. 152.90 and has touched a high and low of Rs. 152.90 and Rs. 147.35 respectively. So far 4433 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 161.20 on 21-Jan-2025 and a 52 week low of Rs. 82.55 on 12-May-2025.
Last one week high and low of the scrip stood at Rs. 154.00 and Rs. 141.10 respectively. The current market cap of the company is Rs. 228.65 crore.
The promoters holding in the company stood at 73.58%, while Non-Institutions held 26.42% in the company.
Active Clothing Co has entered into a memorandum of understanding (MoU) with Ningbo Cixing Co, China, to purchase 600 sets of computerized flat knitting machines. This next generation initiative aims to revolutionize the Indian sweater manufacturing industry by introducing automation, precision knitting, and zero-waste production practices, ultimately setting new benchmarks in innovation, quality, and sustainability. It will transform the future of knitwear manufacturing in India through technological excellence and long-term cooperation.
Active Clothing Co is an integrated apparel manufacturer with the comprehensive capability to design and manufacture high quality readymade garments with a competitive price.
