/ Raj Rayon Industries Resumes Commercial Production ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 16 January 2017

Raj Rayon Industries, in continuation of earlier communication to the stock exchanges, intimated the National Stock Exchange about resumption of the company's commercial operation in the textile and allied products segments.

"In accordance to the Regulation 30 of Securities and Exchange Board of India (SEBI) Regulations 2015, following the previous letter dated 22nd December 2016 the company has successfully resumed their commercial production," – the company wrote in a letter referred to “The Listing Department” of National Stock Exchange India Ltd. 

Raj Rayon is a company based out of Dadra and Nagar Haveli, doing business in the textile processing sector. The company has a current market capitalisation of Rs 11.09 crore. This penny stock may speed upward if the company starts increasing its profitability building on the resumption of their business.

Raj Rayon Industries Ltd is currently trading at Rs 0.29, down by Rs 0.03 or 9.38% from its previous closing of Rs 0.32 on the BSE.

The scrip opened at Rs 0.29 and has touched a high and low of Rs 0.29 and Rs 0.29 respectively. So far 42580(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 11.09 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 0.74 on 08-Feb-2016 and a 52 week low of Rs 0.25 on 30-Sep-2016. Last one week high and low of the scrip stood at Rs 0.32 and Rs 0.29 respectively. The promoters holding in the company stood at 34.07 % while Institutions and Non-Institutions held 0.41 % and 65.52 % respectively. The stock is currently trading below its 200 DMA.

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