Captain Pipes rises on starting construction of 87,000 square feet factory shed at Ahmedabad site
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Captain Pipes is currently trading at Rs. 17.18, up by 0.28 points or 1.66% from its previous closing of Rs. 16.90 on the BSE.
The scrip opened at Rs. 17.31 and has touched a high and low of Rs. 17.50 and Rs. 17.02 respectively. So far 236713 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. 14.10 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 17.50 and Rs. 14.78 respectively. The current market cap of the company is Rs. 253.61 crore.
The promoters holding in the company stood at 73.78%, while Non-Institutions held 0. 26.22% stake in the company.
Captain Pipes has started construction of 87,000 square feet factory shed at greenfield manufacturing plant in Ahmedabad. This shed would be twice the size of existing factory floor area at Rajkot plant. The shed would be sufficient to support the proposed addition of 20,000 MT per annum capacity as planned and additional capacity in future if required.
Captain Pipes is engaged in manufacturing polyvinyl chloride threaded pipes.
