PBM Polytex gains on resuming normal production at Petlad Unit

PBM Polytex is currently trading at Rs. 65.55, up by 0.60 points or 0.92% from its previous closing of Rs. 64.95 on the BSE. The scrip opened at Rs. 68.00 and has touched a high and low of Rs. 68.60 and Rs. 62.60 respectively. So far 26434 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.10 on 23-May-2014 and a 52 week low of Rs. 32.80 on 05-Aug-2013. Last one week high and low of the scrip stood at Rs. 66.10 and Rs. 54.00 respectively. The current market cap of the company is Rs. 53.50 crore. The promoters holding in the company stood at 74.18% while Institutions and Non-Institutions held 1.19% and 24.62% respectively. PBM Polytex has resumed their normal production at the Petlad Unit. Earlier, workers had resumed partial production at Petlad unit at PBM Polytex on May 23, 2014. PBM manufactures a wide range of products from Ne 24’s to Ne 80’s, both single and TFO doubled yarns from as many as 25 raw material mixes. Besides Indigenous raw cotton like DCH 32, MCU 5, Shankar 6 and MECH.