Sangam (India) gains on executing MoU with Golden Seams Industries
Sangam (India) is currently trading at Rs. 409.65, up by 2.60 points or 0.64% from its previous closing of Rs. 407.05 on the BSE.
The scrip opened at Rs. 409.50 and has touched a high and low of Rs. 409.65 and Rs. 408.80 respectively. So far 5 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 498.20 on 26-Sep-2024 and a 52 week low of Rs. 295.25 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 413.30 and Rs. 317.30 respectively. The current market cap of the company is Rs. 2057.35 crore.
The promoters holding in the company stood at 70.16%, while Institutions and Non-Institutions held 3.25% and 26.58% respectively.
Sangam (India) has executed a Memorandum of Understanding (MoU) with Golden Seams Industries (GSIPL), with respect to the incorporation of a Joint Venture Company (JV Company). The primary objective of this JV Company is to operate the business of Denim manufacturing and Laundry in Orissa. The MoU between the parties is aimed at enhancing the capabilities of both organizations and will enable them to expand their reach in the Textile Industry.
Sangam (India) is engaged in manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves, cotton knitted fabric seamless garment knitting, and fabric processing. It also offers a range of woven PV fabrics, for suiting and bottom wear. The Company’s flagship brands include Sangam Suiting and Sangam Denim.
