TT trades with traction at the bourses

TT trades with traction at the bourses

by admin- Thursday, April 11th, 2019 04:13:33 PM

TT is currently trading at Rs. Fifty seven.20, up by 1.70 factors or three.06% from its preceding final of Rs. 55.50 at the BSE.

The scrip opened at Rs. Fifty five.50 and has touched a excessive and low of Rs. 57.20 and Rs. Fifty four.25 respectively. So a ways 750 stocks were traded on the counter.

The BSE institution ‘B’ inventory of face price Rs. 10 has touched a fifty two week high of Rs. 104.00 on 12-Apr-2018 and a fifty two week low of Rs. 49.50 on 20-Feb-2019.

Last one week high and occasional of the scrip stood at Rs. 58.00 and Rs. 51.10 respectively. The current market cap of the organization is Rs. 116.Sixty three crore.

The promoters maintaining inside the company stood at fifty seven.39%, while Non-Institutions held 42.Sixty one% stake inside the organization.

TT has finished two Hi-Tech World Class Garment manufacturing Projects at Avinashi (Tamil Nadu) and at Gajroula (Uttar Pradesh) all through the Financial Year 2018-19. These plants were hooked up after enhancing present Spinning Mills homes. Both flora had been authorized for social compliance (SEDEX and WRAP) and as such now able to attract World large garment importers at the energy of required compliance conditions for putting orders. High Tech World Class flora have been hooked up and first-class structures have been installed vicinity.

Both those plant life are eligible for Tuff Subsidies and State Government incentives currently in pressure for apparel industry. This might further give a boost to organization’s recognition on garment productions, domestic sales and exports.

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