Emmbi Ind soars over 2%, incorporates Limited Liability Partnership

India Infoline News Service | Mumbai | June 30, 2017 10:58 IST

Emmbi Industries has incorporated a limited liability partnership (LLP) in the name of Emmbi WatCon LLP

Emmbi Industries has incorporated a limited liability partnership (LLP) in the name of Emmbi WatCon LLP.

The main objective of the acquisition is to undertake turnkey contracts including installation of water conservation activities by providing , installing canal liners for various government irrigation corporations, which will be using the Canal Liner fabric manufactured by Emmbi Industries Limited.
Meanwhile, the stock has attracted a traded volume of 1,061 shares and a traded value of Rs 1.99 lakh on NSE during Friday's trade.
On a yearly basis, the stock has outperformed the BSE Small-cap index and BSE FMCG index.
Emmbi Industries Limited is engaged in the business of manufacturing and trading of plastics products. The company manufactures high-density polyethylene (HDPE) and polypropylene (PP)-woven polymer based products.
Stock view:
 Emmbi Industries Ltd is currently trading at Rs 188.75, up by Rs 5.45 or 2.97% from its previous closing of Rs 183.3 on the BSE.
The scrip opened at Rs 183.1 and has touched a high and low of Rs 188.75 and Rs 183.1 respectively. So far 2766(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 324.26 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 209.2 on 29-May-2017 and a 52 week low of Rs 104 on 29-Jun-2016. Last one week high and low of the scrip stood at Rs 189.7 and Rs 182 respectively.
The promoters holding in the company stood at 57.78 % while Institutions and Non-Institutions held 1.54 % and 40.68 % respectively.
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

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