Himatsingka Seide inches up on investing Rs 4 crore in Isharays Energy One
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Himatsingka Seide is currently trading at Rs. 140.65, up by 0.25 points or 0.18% from its previous closing of Rs. 140.40 on the BSE.
The scrip opened at Rs. 142.40 and has touched a high and low of Rs. 142.40 and Rs. 140.25 respectively. So far 5074 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 186.60 on 14-Dec-2023 and a 52 week low of Rs. 115.60 on 24-Jul-2023.
Last one week high and low of the scrip stood at Rs. 145.60 and Rs. 137.20 respectively. The current market cap of the company is Rs. 1392.68 crore.
The promoters holding in the company stood at 47.57%, while Institutions and Non-Institutions held 4.98% and 47.45% respectively.
Himatsingka Seide has invested Rs 4 crore in Isharays Energy One in the form of 40,00,000 Class A equity shares of Rs 10 each (10.97% of total paid up capital). The company proposes to procure energy to fulfil part of the power requirements of the company’s plants on a sustainable basis and to contribute to reduction in Carbon footprint. The said investment would qualify under Group Captive Power Scheme.
Himatsingka Seide is an integrated global textile major that designs, develops, manufactures, distributes and retails a suite of textile products.
