Tinna Rubber soars on starting commercial production at new manufacturing facility in Maharashtra
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Tinna Rubber and Infrastructure is currently trading at Rs. 690.60, up by 7.90 points or 1.16% from its previous closing of Rs. 682.70 on the BSE.
The scrip opened at Rs. 684.40 and has touched a high and low of Rs. 700.00 and Rs. 662.55 respectively. So far 12505 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 729.00 on 31-Jan-2024 and a 52 week low of Rs. 170.13 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 700.00 and Rs. 647.45 respectively. The current market cap of the company is Rs. 1173.37 crore.
The promoters holding in the company stood at 73.81%, while Institutions and Non-Institutions held 1.15% and 25.04% respectively.
Tinna Rubber and Infrastructure has commenced commercial production at the company's state of the art, fully automated manufacturing facility at Village Varle, Taluka Wada, District Palghar, Maharashtra on February 21, 2024.
The new manufacturing facility has the capacity to process over 60,000 tons of old used tyres, annually. The state of the art facility is expected to cater to the rising demand for the Company's products and the company has started dispatch of products from February 21, 2024.
Tinna Rubber and Infrastructure is a market leader in the field of bituminous products. The company has captured substantial share due to the high quality, reliability and customer satisfaction. The company also has interest in winery, agri business and ware housing.
