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Captain Pipes moves up on planning to set up greenfield manufacturing unit in Gujarat
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Captain Pipes is currently trading at Rs. 25.17, up by 0.06 points or 0.24% from its previous closing of Rs. 25.11 on the BSE.
The scrip opened at Rs. 25.33 and has touched a high and low of Rs. 25.87 and Rs. 25.10 respectively. So far 542700 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.79 on 23-May-2023 and a 52 week low of Rs. 8.08 on 09-Sep-2022.
Last one week high and low of the scrip stood at Rs. 26.40 and Rs. 24.99 respectively. The current market cap of the company is Rs. 350.87 crore.
The promoters holding in the company stood at 72.23%, while Non-Institutions held 27.77% stake in the company respectively.
Captain Pipes is planning to set up a greenfield manufacturing unit at Anmedabad in Gujarat. The meeting of board of directors of the company is scheduled to be held on September 18, 2023 to discuss and approve investment plan.
Captain Pipes is engaged in manufacturing polyvinyl chloride threaded pipes.
