Keerthi Industries soars on getting nod to avail loan from Axis Bank

Keerthi Industries is currently trading at Rs. 147.80, up by 6.25 points or 4.42% from its previous closing of Rs. 141.55 on the BSE.

Keerthi Industries
Keerthi Industries

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 147.90 and Rs. 144.40 respectively. So far 649 shares were traded on the counter.

The BSE group ‘XT’ stock of face value Rs. 10 has touched a 52 week high of Rs. 228.55 on 10-Jan-2022 and a 52 week low of Rs. 119.10 on 28-Jun-2022.

Last one week high and low of the scrip stood at Rs. 147.90 and Rs. 129.15 respectively. The current market cap of the company is Rs. 118.49 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 0.04% and 25.04% respectively.

Keerthi Industries has received approval for proposal to availing loan from Axis Bank for replacing old ball mill with latest Vertical Raw Mill (VRM). The Board of Directors of the company at its meeting held on July 11, 2022 has approved the same.

Keerthi Industries is the leading manufacturer of reprocessed plastic granules in India. They also deal in Plastic scrap Re grind.

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