Mafatlal Industries gains on inking agreement to market NavRakshak Ultra PPE Kit in India
Mafatlal Industries is currently trading at Rs. 144.90, up by 2.60 points or 1.83% from its previous closing of Rs. 142.30 on the BSE.
The scrip opened at Rs. 143.95 and has touched a high and low of Rs. 145.90 and Rs. 141.55 respectively. So far 14634 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 220.95 on 27-Jun-2024 and a 52 week low of Rs. 97.20 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 145.90 and Rs. 131.00 respectively. The current market cap of the company is Rs. 1041.98 crore.
The promoters holding in the company stood at 69.56%, while Institutions and Non-Institutions held 1.36% and 29.08% respectively.
Mafatlal Industries has entered into a Tripartite Technology License Agreement, to mass manufacture and market the products in India under the technical know-how on NavRakshak Ultra PPE Kit, developed by the Technology Development Acceleration Cell (TDAC), New Delhi, under Indian Navy, Ministry of Defence, Government of India, and licensed by National Research Development Corporation (NRDC), an enterprise of Department of Science and Industrial Research, Ministry of Science and Technology, Government of India.
This technical know-how will help the Company in developing high-quality products, with the help of advance technology available to it under the said Tripartite Technology License Agreement for catering to the health and hygiene space and help it to expand its market presence and consumer reach. The said license agreement is for three years.
Mafatlal Industries is engaged in manufacture of textiles and textile chemicals.
