Filatex India rose 3.35% to Rs 166.75 at 9:20 IST on BSE after the company said it has started commercial production of synthetic yarn at Dahej unit.
The announcement was made after market hours yesterday, 8 March 2018.Meanwhile, the S&P BSE Sensex was down 10.02 points, or 0.03% to 33,341.55.
On the BSE, 1,672 shares were traded in the counter so far compared with average daily volumes of 42,000 shares in the past two weeks. The stock had hit a high of Rs 169.30 and a low of Rs 166.75 so far during the day. The stock hit a record high of Rs 251.35 on 5 January 2018. The stock hit a 52-week low of Rs 101 on 9 March 2017.
Filatex India announced that the commercial production of expansion scheme for putting up additional manufacturing facilities for 190 tonnes per day (TPD) of Bright Polyester Fully Drawn Yarn and 85 TPD of Bright Chip at Dahej unit commenced on 7 March 2018. Further, commercial production of expansion scheme for putting up additional manufacturing facilities for 25 TPD of Bright Polyester Partially Oriented Yarns at Dahej unit also commenced on 7 March 2018.
Net profit of Filatex India rose 111.39% to Rs 14.48 crore on 36.93% rise in net sales to Rs 504.19 crore in Q3 December 2017 over Q3 December 2016.
Filatex India is in the business of manufacturing Polyester, nylon and Polypropylene Monofilament yarns and Polyester and Polypropylene Multifilament Yarns.
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