Ester Industries traders higher on the BSE
Ester Industries is currently trading at Rs. 105.20, up by 0.45 points or 0.43% from its previous closing of Rs. 104.75 on the BSE.
The scrip opened at Rs. 106.85 and has touched a high and low of Rs. 113.55 and Rs. 103.90 respectively. So far 34963 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 174.90 on 03-Jan-2025 and a 52 week low of Rs. 103.00 on 11-Aug-2025.
Last one week high and low of the scrip stood at Rs. 118.00 and Rs. 103.90 respectively. The current market cap of the company is Rs. 1049.05 crore.
The promoters holding in the company stood at 62.73%, while Institutions and Non-Institutions held 0.08% and 37.19% respectively.
Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada-based Loop Industries, is planning to supply sustainable materials to athletic footwear and apparel brand Nike as part of a multi-year agreement.
Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries.
This agreement with Nike further advances the implementation of Loop’s commercialization strategy and reflects Nike’s commitment to sustainable innovation. Loop’s Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines.
Ester Industries' main business activities are production and marketing of versatile ranges of polyester films and engineering plastics.
