Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Morarjee Textiles soars on planning to raise Rs 10 crore on private placement basis

17-May2018

Morarjee Textiles soars on planning to raise Rs 10 crore on private placement basis

Morarjee Textiles is currently trading at Rs. 36.50, up by 1.25 points or 3.55% from its previous closing of Rs. 35.25 on the BSE.

The scrip opened at Rs. 36.50 and has touched a high and low of Rs. 36.50 and Rs. 36.50 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 7 has touched a 52 week high of Rs. 64.50 on 10-Jan-2018 and a 52 week low of Rs. 34.25 on 16-May-2018.

Last one week high and low of the scrip stood at Rs. 41.00 and Rs. 34.25 respectively. The current market cap of the company is Rs. 132.61 crore.

The promoters holding in the company stood at 59.71%, while Institutions and Non-Institutions held 4.72% and 35.57% respectively.

Morarjee Textiles is planning to issue of 10,00,000 Cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 10 crore on a private placement basis. The meeting of the Board of Directors of the company will be held on May 24, 2018, to consider the same.

Morarjee Textiles (MTL) is a manufacturer of textile products. The Company is engaged in the business of manufacture of cotton fabric and fashion printed fabric.


Related News

View all news

SpiceJet jumps on reporting passenger load factor of 94% in February

Spicejet is currently trading at Rs. 99.05, up by 7.40 points or 8.07% from its previous closing of Rs. 91.65 on the BSE.The scrip opened at Rs. 93.50 and has touched a high and low of Rs. 104.70 and Rs.......

Tata Power trades higher on the BSE

Tata Power Company is currently trading at Rs. 73.25, up by 1.25 points or 1.74% from its previous closing of Rs. 72.00 on the BSE.The scrip opened at Rs. 72.05 and has touched a high and low of Rs. 73.75......

InterGlobe Aviation soars on reporting passenger load factor of 88.4% in February

Interglobe Aviation is currently trading at Rs. 1438.90, up by 16.10 points or 1.13% from its previous closing of Rs. 1422.80 on the BSE.The scrip opened at Rs. 1409.00 and has touched a high and low of......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......