Sudar Industries trades higher on the bourses

Sudar Industries is currently trading at Rs 19.45, up by 0.45 points or 2.37% from its previous closing of Rs 19.00 on the BSE. The scrip opened at Rs 19.45 and has touched a high and low of Rs 19.45 and Rs 18.85 respectively. The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 32.70 on 12-Nov-2013 and a 52 week low of Rs 5.64 on 08-Aug-2013. Last one week high and low of the scrip stood at Rs 20.75 and Rs 18.30 respectively. The current market cap of the company is Rs 43.77 crore. The promoters holding in the company stood at 35.61% while Institutions and Non-Institutions held 0.38% and 64.01% respectively. Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to Sudar Industries’ long term bank facilities worth Rs 263.92 crore which was enhanced from Rs.109.41 crore. The rating agency has also assigned ‘A3’ rating to company’s Short-term Bank Facilities worth Rs 45.00 crore. The ratings continue to derive strength from the promoter’s vast experience in the apparel industry, long track record of its business operations and significant growth in operations in the past. Sudar Industries is a leading manufacturer and exporter for readymade garments specialized in elegant shirts, trousers and wide range of apparel for men, women & kids.