S.P. Apparels gains on investing Rs 4.35 crore in SPAIPL
S.P. Apparels currently trading at Rs. 679.70, up by 6.50 points or 0.97% from its previous closing of Rs. 673.20 on the BSE.
The scrip opened at Rs. 673.40 and has touched a high and low of Rs. 678.00 and Rs. 667.60 respectively. So far 119 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 994.85 on 16-Dec-2024 and a 52 week low of Rs. 610.05 on 27-Mar-2025.
Last one week high and low of the scrip stood at Rs. 739.20 and Rs. 666.80 respectively. The current market cap of the company is Rs. 1701.28 crore.
The promoters holding in the company stood at 61.93%, while Institutions and Non-Institutions held 21.27% and 16.80% respectively.
S.P. Apparels has invested an amount of Rs 4.35 crore as equity in S.P Apparels International (SPAIPL), Sri Lanka, a wholly owned subsidiary of the company. Investment in SPAIPL will enable the company to expand its business operations. SPAIPL is engaged in the business of manufacturing garments.
S.P. Apparels is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at its integrated facilities that allow it to provide end-to-end garment manufacturing services from greige fabric to finished products.
