30 Aug 2024

Filatex Fashions Soars as Subsidiary Secures Major Export Deal from SDBS

Filatex Fashions is currently trading at its upper circuit of ₹1.21, marking a rise of ₹0.05 or 4.31% compared to its previous close of ₹1.16 on the Bombay Stock Exchange (BSE).

The stock opened at ₹1.18, hitting an intra-day high and low of ₹1.21 and ₹1.18, respectively. So far, 10,001,373 shares have been traded. This BSE 'T' group stock, with a face value of ₹1, reached a 52-week high of ₹4.30 on January 25, 2024, and a 52-week low of ₹1.14 on August 28, 2024.

In the last week, the stock's high and low were ₹1.36 and ₹1.14. The company’s current market capitalization stands at ₹1,008.42 crore. Promoters hold a 24.82% stake in the company, while institutions and non-institutions hold 0.02% and 75.17%, respectively.

Filatex Fashions' subsidiary, Filatex Mines and Minerals, has secured an export order worth $4.39 million from Societe DIMO - BTP SARL (SDBS), a company based in the Republic of Guinea. The order involves the supply of 1,59,000 tonnes of polished marble tiles over seven years. SDBS operates as a distributor of granite and marble with a vast dealer network across African nations.

Filatex Fashions primarily manufactures and sells knitted socks in India, while also engaging in the trade of textile products.