Shreyans Industries climbs 13% after getting PPCB’s nod to resume operations at its unit

The company has received approval from PPCB to resume its operations at its unit Shree Rishabh Papers.

Aug 29, 2016 08:08 IST India Infoline News Service

Business growth, bull
Shreyans Industries Ltd is currently trading at Rs. 67.95, up by Rs. 7.85 or 13.06% from its previous closing of Rs. 60.1 on the BSE. The company has received approval from Punjab Pollution Control Board (PPCB) to resume its operations at its unit Shree Rishabh Papers. Consequently, the operations of the said unit of the company have come to normal.

The scrip opened at Rs. 55.5 and has touched a high and low of Rs. 72 and Rs. 55.5 respectively. So far 70706(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 83.06 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.1 on 26-Jul-2016 and a 52 week low of Rs. 23.55 on 23-Mar-2016. Last one week high and low of the scrip stood at Rs. 66.85 and Rs. 53.4 respectively.

The promoters holding in the company stood at 47.26 % while Institutions and Non-Institutions held 0.04 % and 52.7 % respectively.

The stock is currently trading above its 50 DMA.

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