TT is currently trading at Rs. 23.50, up by 0.50 points or 2.17% from its previous closing of Rs. 23.00 on the BSE.
The
scrip opened at Rs. 22.10 and has touched a high and low of Rs. 23.50
and Rs. 22.10 respectively. So far 1050 shares were traded on the
counter.
The BSE group 'T' stock of face value Rs.
10 has touched a 52 week high of Rs. 31.85 on 15-Nov-2012 and a 52 week
low of Rs. 15.50 on 24-May-2012.
Last one week
high and low of the scrip stood at Rs. 23.90 and Rs. 21.65 respectively.
The current market cap of the company is Rs. 50.52 crore.
The promoters holding in the company stood at 54.75% while Institutions and Non-Institutions held 0.01% and 45.24% respectively.
TT’s,
new spinning project located at Rajula in Gujarat would start trial
production from March 2013, and would be deeply benefited from the new
textile policy of Gujarat. This would give an additional gain of 7%
interest subsidy, VAT concessions and cheaper power which would add
substantially to the bottomline of the company next year.
Besides,
the company has also aggressively started online marketing of its
garment line at ttgarments.com and this is allowing the company to
connect directly with the internet savvy youth through social media and
eCommerce platform.
Further, the company has
introduced various new products in its summer offering in all the 3
categories of Men, Woman and Kids. It is also starting a new TV campaign
with its new slogan - ‘Zindagi is Good’. This is further expected to
enhance the brand equity and increase the contribution of the high
margin garment segment in the total business portfolio.
TT
(formerly named as Tirupati Texknit) is engaged in the manufacturing of
combed cotton yarn, carded cotton yarn and knitted fabric cloth at its
units at Gajroula (U.P) and Avinashi (Tamil Nadu). The company is a
progressive organization with sound investments in good quality systems
and innovative marketing.
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