Race Eco Chain shines on getting nod to incorporate Joint Venture Company
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Race Eco Chain is currently trading at Rs. 449.75, up by 14.35 points or 3.30% from its previous closing of Rs. 435.40 on the BSE.
The scrip opened at Rs. 445.75 and has touched a high and low of Rs. 450.00 and Rs. 438.75 respectively. So far 15897 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.25 on 02-Jul-2024 and a 52 week low of Rs. 230.85 on 23-Oct-2023.
Last one week high and low of the scrip stood at Rs. 455.00 and Rs. 418.25 respectively. The current market cap of the company is Rs. 715.46 crore.
The promoters holding in the company stood at 44.79%, while Institutions and Non-Institutions held 0.17% and 55.04% respectively.
Race Eco Chain has received approval for incorporation of a Joint Venture (JV) Company in collaboration with Ganesha Ecosphere for setting up the washing plants for producing pet flakes. On incorporation of the joint venture company, the company will acquire up to 51% stake and Ganesha Ecosphere will acquire up to 49% stake. The Board of Directors of the company has, at its meeting held on September 4, 2024, approved the same.
Race Eco Chain is dedicated to creating & trading home textile products that take your breath away.
