Ganesha Ecosphere jumps on executing JV agreement with RACE
Ganesha Ecosphere is currently trading at Rs. 1761.75, up by 34.10 points or 1.97% from its previous closing of Rs. 1727.65 on the BSE.
The scrip opened at Rs. 1719.95 and has touched a high and low of Rs. 1785.50 and Rs. 1694.75 respectively. So far 10241 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2480.00 on 02-Dec-2024 and a 52 week low of Rs. 900.80 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1785.50 and Rs. 1459.25 respectively. The current market cap of the company is Rs. 4479.19 crore.
The promoters holding in the company stood at 35.86%, while Institutions and Non-Institutions held 34.06% and 30.08% respectively.
Ganesha Ecosphere has entered into joint venture agreement with Race Eco Chain (RACE) to establish washing plants for producing pet flakes through its Joint Venture Company, ‘Ganesha Recycling Chain’ (JVC).
The joint venture agreement is a part of the Company’s strategic investment to strengthen its raw material supply chain of PET waste.
Ganesha Ecosphere is a leading PET Bottle Recycler engaged in the recycling of PET plastic bottle waste to polyster spun yarn, rPET fiber and rPET yarn.
