Mohit Industries is currently trading at Rs. 53.00, up by 0.55 points or 1.05% from its previous closing of Rs. 52.45 on the BSE.
The scrip opened at Rs 55.20 and has touched a high and low of Rs 55.20 and Rs 52.35 respectively. So far 48677 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.95 on 27-May-2016 and a 52 week low of Rs. 25.40 on 17-Nov-2016.
Last one week high and low of the scrip stood at Rs. 55.20 and Rs. 43.50 respectively. The current market cap of the company is Rs. 75.39 crore.
The promoters holding in the company stood at 68.53%, while Non-Institutions held 31.47% stake of the company.
Mohit Industries is planning to increase its yarn capacity by 50% within next 4 months. The company has completed the construction of approximately 60,000 square feet of building at Kim, Gujarat and has started putting more machines to increase capacity.
The company’s last financial year’s export stood at Rs 57 crore and it has already achieved export sales of Rs 63 crore this financial year with 2 months to go. The company has good export orders and thus plans to close the financial year 2016-17 with export turnover in excess of Rs 75 crore, which will be jump of more than 30% compared to last year.
Mohit Industries is one of the top notch manufacturers of fabrics & texturised yarn in the nation. It has recently diversified into the construction materials industry in adherence to its long term vision and goals.