Captain Polyplast rises on getting empaneled as EPC vendor by MGVCL

Captain Polyplast is currently trading at Rs. 16.30, up by 0.10 points or 0.62% from its previous closing of Rs. 16.20 on the BSE.

The scrip opened at Rs. 16.45 and has touched a high and low of Rs. 16.45 and Rs. 16.05 respectively. So far 23848 shares were traded on the counter.

Captain Polyplast
Captain Polyplast

The BSE group ‘X’ stock of face value Rs. 2 has touched a 52 week high of Rs. 33.50 on 06-Aug-2021 and a 52 week low of Rs. 14.65 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 16.90 and Rs. 15.30 respectively. The current market cap of the company is Rs. 82.12 crore.

The promoters holding in the company stood at 66.50%, while Institutions and Non-Institutions held NA% and 33.50% respectively.

Captain Polyplast has been empaneled as an EPC vendor by Madhya Gujarat Vij Company (MGVCL) under MNRE / Surya Gujarat scheme. The company has been allocated initial target for installation of 4.3 MW of residential rooftop projects. The complete execution of the allocated target could generate revenue of Rs 18 crore. This is in line with increased focus of the company in renewable energy and strengthen the position as a solar EPC player.

Captain Polyplast is into business of manufacture and sale of quality micro irrigation system and allied products.

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