Sangam (India) surges on inking MoU with DaMENSCH Apparel
Sangam (India) is currently trading at Rs. 417.60, up by 12.00 points or 2.96% from its previous closing of Rs. 405.60 on the BSE.
The scrip opened at Rs. 406.90 and has touched a high and low of Rs. 417.60 and Rs. 404.20 respectively. So far 3338 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. 422.00 and Rs. 397.50 respectively. The current market cap of the company is Rs. 2091.51 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 entered into a Non-Binding Memorandum of Understanding (MoU) on June 4, 2025 with DaMENSCH Apparel (DaMENSCH) whereby the company shall make an initial investment of an amount of around Rs 10 crore in DaMENSCH subject to satisfactory completion of conditions precedent as set out in MoU and signing of definitive agreements.
The MoU is to explore a long-term strategic partnership with DaMENSCH, focused on the manufacturing, marketing and selling of seamless and activewear products of the company.
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.
