Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’
Jyothy Labs is currently trading at Rs. 549.45, up by 5.85 points or 1.08% from its previous closing of Rs. 543.60 on the BSE.
The scrip opened at Rs. 552.75 and has touched a high and low of Rs. 554.00 and Rs. 546.80 respectively. So far 1099 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 595.00 on 11-Sep-2024 and a 52 week low of Rs. 332.80 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 557.30 and Rs. 533.90 respectively. The current market cap of the company is Rs. 19961.46 crore.
The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 29.46% and 7.65% respectively.
Jyothy Labs has signed business purchase agreement with Smartwash Solutions for acquiring its brand ‘Quiclo’ along with its software and customer database under its Laundry Service business. The proposed transaction will help the company in strengthening its laundry service business and customer base in Hyderabad.
Jyothy Labs is in the business of meeting the everyday needs of consumers by creating well-packaged and technologically advanced products in four segments of the fast-moving consumer goods industry.
