Tuesday, 8 August 2017

Sintex Plastics Technology shares up 5% on listing day, Money Maker Research

Indian Stock Market news, Stock Tips By Money Maker, Market Update, Latest news, Sintex Plastic
Shares of Sintex Plastics Technology focus the Exchanges today subsequent on its demerger from Sintex Industries Ltd. The shares were trading up by more than 5 percent on listing day. After the demerging, Sintex Industries to carry the Textile & Spinning business and Sintex Plastics Technology to carry plastics business. The share-holding pattern of Sintex Plastics reflects the shareholding pattern of Sintex Industries, with more than 30 percent equity stake owned by the promoters.
The Shares of Sintex Industries had advanced by more than 7 percent yesterday, 7 August 2017, prior to the listing of Sintex Plastics Technology. The equity shares of Sintex Plastics Technology are set to trade in this sector for 10 trading days. The stock was trading at Rs 124.5 on NSE, today morning.

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