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02-Nov2017

Nitin Spinners gains on planning to raise Rs 12 crore on preferential basis

Nitin Spinners is currently trading at Rs. 127.00, up by 2.75 points or 2.21% from its previous closing of Rs. 124.25 on the BSE.

The scrip opened at Rs. 125.80 and has touched a high and low of Rs. 129.65 and Rs. 125.80 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.00 on 08-May-2017 and a 52 week low of Rs. 61.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 129.65 and Rs. 110.15 respectively. The current market cap of the company is Rs. 581.17 crore.

The promoters holding in the company stood at 64.28%, while Institutions and Non-Institutions held 0.89% and 34.83% respectively.

Nitin Spinners is planning to raise funds by allotment of Equity Shares aggregating to Rs 12 crore to the promoters and members of the promoter group of the company on a preferential basis. The Board Meeting will be held on November 14, 2017 to consider the same.

Nitin Spinners is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.



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