 "7 stocks locked in upper circuit of 20% on BSE")
Stocks of seven companies Cimmco, Star Paper Mills, Modi Rubber, Cravatex , GTN Textiles, Balkrishna Paper Mills and Shri Krishna Prasadam from the non-A group category ended in upper circuit of 20% each on BSE on the back of heavy volumes.
Cimmco has frozen in upper circuit for the second straight trading session, up 20% at Rs 88.20. The stock zoomed 44% in the past two trading sessions from Rs 61.25 on Wednesday.
Cimmco having installed capacity for manufacturing of wagons, coaches, underframe 2240 vehicular units (VUs) and industrial machinery 14200 MT per annum and comes under a large industrial unit.
Modi Rubber, the company engaged in tyres, tubes and flaps, too locked in upper circuit for the second day in a row at Rs 63.05, also its fresh 52-week high on BSE.
The company in annual report said that it has taken new initiatives to improve its long term prospects and performance. These include, the company is taking several steps to utilize its real- estate resources and wherever possible to put them to generate revenue and also exploring additional avenues of investment in new projects in joint ventures.
Cravatex surged 20% at Rs 248 after the company said its board approved execution of a binding Subscription and Shareholders Agreement (SSHA) among company, unit Cravatex Brands Limited (CBL) and investor Paragon Partners Growth Fund.
Cimmco has frozen in upper circuit for the second straight trading session, up 20% at Rs 88.20. The stock zoomed 44% in the past two trading sessions from Rs 61.25 on Wednesday.
Cimmco having installed capacity for manufacturing of wagons, coaches, underframe 2240 vehicular units (VUs) and industrial machinery 14200 MT per annum and comes under a large industrial unit.
Modi Rubber, the company engaged in tyres, tubes and flaps, too locked in upper circuit for the second day in a row at Rs 63.05, also its fresh 52-week high on BSE.
The company in annual report said that it has taken new initiatives to improve its long term prospects and performance. These include, the company is taking several steps to utilize its real- estate resources and wherever possible to put them to generate revenue and also exploring additional avenues of investment in new projects in joint ventures.
Cravatex surged 20% at Rs 248 after the company said its board approved execution of a binding Subscription and Shareholders Agreement (SSHA) among company, unit Cravatex Brands Limited (CBL) and investor Paragon Partners Growth Fund.
CBL will become unit from a wholly owned unit of company owing to investor holding minority equity stake in CBL at completion of investment.
CBL is a wholly-owned subsidiary of Cravatex, and has an exclusive long-term licensing agreement with Fila, an Italian sportswear and lifestyle brand, for footwear, apparel, and accessories. It has exclusive distribution rights, through its Proline Fitness division, for Johnson Healthtech (Taiwan), a maker of fitness equipment.
CBL is a wholly-owned subsidiary of Cravatex, and has an exclusive long-term licensing agreement with Fila, an Italian sportswear and lifestyle brand, for footwear, apparel, and accessories. It has exclusive distribution rights, through its Proline Fitness division, for Johnson Healthtech (Taiwan), a maker of fitness equipment.
| COMPANY | LATEST | PREV CLOSE | GAIN(%) | VOLUME |
| CIMMCO | 88.20 | 73.50 | 20.00 | 558120 |
| STAR PAPER MILLS | 171.00 | 142.50 | 20.00 | 376292 |
| GTN TEXTILES | 17.40 | 14.50 | 20.00 | 21565 |
| MODI RUBBER | 63.05 | 52.55 | 19.98 | 32602 |
| CRAVATEX | 248.00 | 206.70 | 19.98 | 4755 |
| BALKRISHNA PAPER | 84.45 | 70.40 | 19.96 | 758977 |
| SHRI KRISHNA PRA | 9.98 | 8.33 | 19.81 | 40000 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%