Swiss Military Consumer jumps on entering into business collaboration agreement with Core International
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Swiss Military Consumer Goods is currently trading at Rs. 26.25, up by 0.74 points or 2.90% from its previous closing of Rs. 25.51 on the BSE.
The scrip opened at Rs. 25.74 and has touched a high and low of Rs. 26.36 and Rs. 25.51 respectively. So far 218453 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 32.25 on 08-Feb-2024 and a 52 week low of Rs. 12.00 on 10-Jul-2023.
Last one week high and low of the scrip stood at Rs. 28.45 and Rs. 25.31 respectively. The current market cap of the company is Rs. 513.11 crore.
The promoters holding in the company stood at 63.85%, while Institutions and Non-Institutions held 0.05% and 36.09% respectively.
Swiss Military Consumer Goods has entered into an exclusive Business collaboration agreement with Core International Co., of South Korea, for establishing selling network in the territory of Japan, Indonesia and Thailand, for luggage and travel gear products to be manufactured in proposed manufacturing facility of the Company and also to be imported or procured by Company from third parties.
Core International Co., having exceptional back ground and established network for sourcing and selling luggage and travel gear across the Southeast Asia, China, Japan and South Korea. Core International Co., shall provide necessary support to Company in identifying, manufacturing, importing, sourcing the potential products for international markets.
Swiss Military Consumer Goods is primarily engaged in the business of trading and marketing of lifestyle products of all kinds including but not limited to Travel Gear, Home Appliances Vertical and Men’s Innerwear & Loungewear verticals, under the brand ‘Swiss Military’.
