Max Ventures And Industries is currently trading at Rs. 55.35, up by 1.50 points or 2.79% from its previous closing of Rs. 53.85 on the BSE.
The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 57.25 and Rs. 55.35 respectively. So far 17792 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.00 on 12-Mar-2021 and a 52 week low of Rs. 26.15 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 57.25 and Rs. 52.65 respectively. The current market cap of the company is Rs. 824.76 crore.
The promoters holding in the company stood at 49.68%, while Institutions and Non-Institutions held 30.58% and 19.74% respectively.
Max Ventures and Industries’ (MaxVIL) subsidiary -- Max Speciality Films (MSFL), has commenced first of the two metallizer lines. These two additional metallizer lines were planned as a part of MSFL’s strategy to continue to embark on its specialty journey. Planned with a total capex of Rs 60 crore for two lines (Rs 30 crore for each), these metallizer lines will enable MSFL to enhance its value-added specialty product portfolio. This is in line with its focus since the last few years to co-create packaging films innovations in consultation with leading FMCG companies.
Rs 30 crore for the first metallizer line was funded by MaxVIL and its Japanese partner Toppan in the proportion to their shareholding in MSFL, that is 51:49. The second metallizer line which is expected to be commercialized in Q3 of FY22 will be funded through internal accruals. These two additional lines are one of the newest and most technologically advanced with superior production capabilities. After the commercialization of second line, MSFL will have a total of 6 metallizer lines.
Max Ventures and Industries, a part of the $3.2 billion Max Group, operates primarily in the areas of manufacturing and real estate.
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