S.P. Apparels surges on investing Rs 6.01 crore in SPAIPL
S.P. Apparels is currently trading at Rs. 796.75, up by 16.05 points or 2.06% from its previous closing of Rs. 780.70 on the BSE.
The scrip opened at Rs. 802.05 and has touched a high and low of Rs. 802.05 and Rs. 793.80 respectively. So far 371 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 04-Jun-2025 and a 52 week low of Rs. 585.00 on 21-Jan-2026.
Last one week high and low of the scrip stood at Rs. 802.05 and Rs. 710.40 respectively. The current market cap of the company is Rs. 2011.11 crore.
The promoters holding in the company stood at 61.93%, while Institutions and Non-Institutions held 20.56% and 17.52% respectively.
S.P. Apparels has invested an amount of Rs 6.01 crore as equity in S.P Apparels International (SPAIPL), a wholly owned subsidiary of the company. Investment in SPAIPL will enable the company to expand its business operations.
Consideration of strategical advantages and cost-effective manufacturing circumstances, the company proposes to make an investment in the wholly owned subsidiary company in Sri Lanka.
