Radha Madhav Corporation surges on restarting production in two substantial projects

28 Nov 2014 Evaluate

Radha Madhav Corporation is currently trading at Rs 38.65, up by 0.80 points or 2.11% from its previous closing of Rs 37.85 on the BSE.

The scrip opened at Rs. 39.45 and has touched a high and low of Rs. 42.35 and Rs. 38.15 respectively. So far 254232 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.50 on 16-Sep-2014 and a 52 week low of Rs. 2.61 on 28-Nov-2013.

Last one week high and low of the scrip stood at Rs. 37.85 and Rs. 31.00 respectively. The current market cap of the company is Rs. 254.51 crore.

The promoters holding in the company stood at 15.64 % while Institutions and Non-Institutions held NA % and 84.36 % respectively.

Radha Madhav Corporation has restarted its production in two substantial projects viz. MOPVC Project comprising of a 5 Roll Calendar, a stretching line and ancillaries imported from Austria, Europe and various destinations with complete overhauling and maintenance work.

Similarly POF manufacturing Line involved from Italy, Europe involving a Cap-Ex of Rs 15.5 crore during setting up has also been put back in production with complete overhauling. These two projects shall have a significant positive impact on the business of the Company. These products shall cater to existing customers in Pharmaceutical, FMCG and general packaging sector. Facing very insignificant and negligible competition for the mentioned products; Company shall have better positioning in expanding its Franchise Model.

Radha Madhav Corporation activities can be divided into two areas; primary packaging and secondary packaging. Primary packaging is again divided into flexible division and folded carton division while secondary packaging includes products like liners, specialty thermoformable films, cartons and various profiles for varied applications.

Radha Madhav Corp. Share Price

1.95 0.00 (0.00%)
21-Dec-2023 17:59 View Price Chart
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