Maral Overseas is currently trading at Rs. 125.95, up by 1.65 points or 1.33% from its previous closing of Rs. 124.30 on the BSE.
The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 129.35 and Rs. 121.00 respectively. So far 6488 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 138.00 on 12-Jan-2022 and a 52 week low of Rs. 25.35 on 11-Feb-2021.
Last one week high and low of the scrip stood at Rs. 129.35 and Rs. 115.90 respectively. The current market cap of the company is Rs. 514.70 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 0.33% and 24.73% respectively. Maral Overseas
Maral Overseas has received approval from board of directors for setting up a spinning unit of 18864 spindles for producing yarn at its existing Sarovar Plant (M.P.) with estimated outlay of Rs 122.94 crore. This unit is expected to commence production in F.Y 2023-2024.
The company has also received approval for setting up of new unit for the garment business of company at Noida (U.P.) with estimated outlay of Rs 14.93 crore. This unit is expected to commence production in second quarter of the F.Y 2022-2023. The Board of Directors of the company, at its meeting held on February 03, 2022 has approved the same.
Maral Overseas is one of India’s largest vertically integrated textile companies.