Emmbi Industries is currently trading at Rs. 61.70, up by 2.75 points or 4.66% from its previous closing of Rs. 58.95 on the BSE.
The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 63.45 and Rs. 58.40 respectively. So far 34574 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.50 on 08-Dec-2015 and a 52 week low of Rs. 15.35 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 63.45 and Rs. 44.50 respectively. The current market cap of the company is Rs. 109.86 crore.
The promoters holding in the company stood at 57.73% while Non-Institutions held 42.27%.
Emmbi Industries has started a construction of ‘Positive Pressure Clean Room facility for manufacturing of Food and Pharmaceutical Grade FIBC Packaging Material’. The Project will take 10 to 12 months to complete and start the production. Total cost of the project will be Rs 10 crore (Estimated) Project will be funded by internal generation and debt from the banks.
This facility will help company to produce the Food & Pharma Grade products for the Export Market. This facility will increase the value addition of the products, Especially in USA as the New USFDA guidelines recommends the use of food grade material for packaging for the entire value-chain of Food and Pharma.
Emmbi Industries is engaged in the manufacturing of flexible intermediate bulk container (FIBC) / jumbo bags, woven sacks and various woven polymerbased packaging products. The company’s products are primarily used in fast moving consumer goods (FMCG), heavy chemicals, poultry-feed, cement and fertilizers industry.
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