The textile industry is served by Nahar Spinning Mills Limited, a small cap company with a market valuation of 1,215.22 crore. Nahar Spinning Mills Ltd. manufactures and exports Woolen/Cotton Hosiery Knitwear and Woolen Garments. More than 60% of the products produced by the company, which operates 7 plants in multiple locations, are designed for overseas markets, including the USA, UK, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile Are included. , Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt and Russia. as a subsidiary of Nahar Group of Companies, the company is one of India’s leading integrated textile companies and the country’s second largest producer of cotton yarn. For the purpose of paying a dividend of 40%, the Board of Directors of the Company has announced a record date of which shareholders should be aware.
On 23rd July, the Company informed BSE saying that “In accordance with the requirements of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are hereby informed that the Register of Members of the Company and Share Transfer Books of Rs. Closed from 13th August, 2022 to 16th August, 2022 (both days inclusive) for the purpose of payment of final dividend of Rs.2.00/- per equity share of Rs.5/- each equity share for the financial year ended 31st March, 2022 On capital. Dividend on equity shares recommended by the Board of Directors, if approved at the Annual General Meeting, shall be paid to the members, whose names appear in the register. Number of members as on 12th August, 2022 or 12th August, 2022 Register of beneficial owners maintained by the depository on termination.”
Shares of Nahar Spinning Mills closed on NSE 336 per share, up 3.00 per cent from previous close 326.20. The stock has gained 0.21 per cent during the last year, but on a YTD basis, it has fallen 34.32 per cent so far in 2022. Despite a fall of 42.17 per cent during the last six months, the stock has managed to gain 10.09 per cent. last month. The stock has gained 9.86 per cent in the last five trading days. share price has climbed 59.45 as on July 24, 2019, at its current level during the last three years, represents a multibagger return of 458 per cent at that time. On NSE, stock touches 52-week high 690.00 and 52-week low of 08-Feb-22 273.15 as on 23-Jun-22 which indicates that the current share price level is 336.00 share is trading 51% down from 52-week high and 23% up from 52-week low. 73,996 shares were traded on the NSE on Friday, resulting in . trading price of 248.38 lakhs.
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