AYM Syntex soars on incorporating wholly owned subsidiary in United States of America
AYM Syntex is currently trading at Rs. 198.05, up by 6.00 points or 3.12% from its previous closing of Rs. 192.05 on the BSE.
The scrip opened at Rs. 194.00 and has touched a high and low of Rs. 199.00 and Rs. 194.00 respectively. So far 640 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 323.90 on 12-Dec-2024 and a 52 week low of Rs. 169.90 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 199.00 and Rs. 177.45 respectively. The current market cap of the company is Rs. 1160.20 crore.
The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 3.83% and 30.27% respectively.
AYM Syntex has incorporated a Wholly Owned Subsidiary (W0S), in the name and style of ‘Innovative Yarns LLC’, in the United States of America on September 9, 2025. WOS is being incorporated to carry on the trading business of textile products, including yarns, fibres, and allied items.
In the field of speciality synthetic yarns, AYM Syntex is one of the largest manufacturer of multipolymer Textile & Bulk Continuous Filament (BCF) yarns.
