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Pasupati Acrylon rises on commencing production of CPP

Pasupati Acrylon is currently trading at Rs. 18.65, up by 0.15 points or 0.81% from its previous closing of Rs. 18.50 on the BSE. The scrip opened at Rs. 18.35 and has touched a high and low of Rs. 18.65 and Rs. 18.35 respectively. So far 262 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 29.00 on 12-Apr-2018 and a 52 week low of Rs. 13.00 on 21-Feb-2019. Last one week high and low of the scrip stood at Rs. 19.70 and Rs. 18.35 respectively. The current market cap of the company is Rs. 164.90 crore.

The promoters holding in the company stood at 65.87%, while Institutions and Non-Institutions held 0.21% and 33.92% respectively.

Pasupati Acrylon has successfully commenced commercial production of second Line of Cast Ploypropylene Film (CPP) from March 26, 2019. The total capacity of CPP now stands at 10,000 MT per annum.

Pasupati Acrylon is principally engaged in the production of acrylic fiber. Its product is used for carpets, blankets,Toys, towels, bathrobes, bathmats, table linen, furnishings, shirtings and sarees.

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