Soma Textiles & Industries hits 20% upper circuit

Around 4.99 million shares or 15.1% stake of the company changed hands in a block deal.

Jul 20, 2016 09:07 IST India Infoline News Service

Soma Textiles & Industries Ltd has hit 20% upper circuit to Rs.8.88 after block deal.
Around 4.99 million shares or 15.1% stake of the company changed hands in a block deal, as per reports.

The scrip opened at Rs. 7.7 and has touched a high and low of Rs. 8.88 and Rs. 7.09 respectively. So far 5247974(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24.44 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 9.52 on 13-Jan-2016 and a 52 week low of Rs. 3.5 on 18-Nov-2015. Last one week high and low of the scrip stood at Rs. 8.4 and Rs. 7.29 respectively.
The promoters holding in the company stood at 49.28 % while Institutions and Non-Institutions held 15.13 % and 35.59 % respectively.
The stock is currently trading above its 50 DMA.

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