Dhanlaxmi Fabrics trades higher on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Dhanlaxmi Fabrics is currently trading at Rs. 46.50, up by 1.50 points or 3.33% from its previous closing of Rs. 45.00 on the BSE.
The scrip opened at Rs. 46.69 and has touched a high and low of Rs. 47.24 and Rs. 45.01 respectively.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.59 on 28-Mar-2023 and a 52 week low of Rs. 30.41 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 47.99 and Rs. 43.99 respectively. The current market cap of the company is Rs. 39.47 crore.
The promoters holding in the company stood at 74.91%, while Non-Institutions held 25.09% stake in the company.
Dhanlaxmi Fabrics has received approval to sell entire holding in its subsidiary -- DFL Fabrics. The Company holds 99.80% of holding in its Subsidiary -- DFL Fabrics and having regards to the fact that the subsidiary is not doing any business for which it is formed and has turned in to loss making concern since last 2 years. Further, the Business of the Subsidiary is also the same as it is of the Company and the losses of the subsidiary also affects the consolidated financials of the Company and selling it off would be rather in way generate cash flow for the Company. The meeting of the Board of Directors of the Company was held on November 11, 2023 has approved the same.
Dhanlaxmi Fabrics is a one stop shop for the garment exporters, fabric exporters and local garment manufacturers.
