As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin.
Reliance Industries Ltd (RIL) has entered into a pact with Bhilwara-based Star Cotspin Ltd, according to reports.
As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin.
Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin.
The scrip opened at Rs. 1019.7 and has touched a high and low of Rs. 1019.7 and Rs. 1013.4 respectively. So far 860002(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 330513.96 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1051.5 and Rs. 1008 respectively.
The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.
The stock is currently trading above its 50 DMA.
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