Garden Silk Mills rallies 20%; to consider fund raising on Oct 25

India Infoline News Service | Mumbai | October 19, 2016 16:52 IST

The company announced that a meeting of board of directors will be held on 25 October 2016, to consider the proposal for raising of funds.

Market at higher point1
Garden Silk Mills Ltd hits 20% upper circuit on the BSE. The company announced that a meeting of board of directors will be held on 25 October 2016, to consider the proposal for raising of funds.

The scrip opened at Rs 34.15 and has touched a high and low of Rs 38.55 and Rs 34.05 respectively. So far 5363943(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 135.3 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 41.2 on 11-Jul-2016 and a 52 week low of Rs 21 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs 33.4 and Rs 30.3 respectively.

The promoters holding in the company stood at 57.75 % while Institutions and Non-Institutions held 0.07 % and 42.18 % respectively.

The stock is currently trading above its 100 DMA.

***Note: This is a NSE Chart

 

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