11 Sep 2024

Caprihans India Gains After Establishing German Subsidiary

Caprihans India shares are trading at Rs. 145.35, marking a rise of 0.95 points or 0.66% from its previous close of Rs. 144.40 on the BSE.

The stock opened at Rs. 149.50, reaching a high of Rs. 149.50 and a low of Rs. 145.35 during the session. A total of 3127 shares have been traded so far.

The company, listed under the BSE group 'X' with a face value of Rs. 10, previously hit a 52-week high of Rs. 266.00 on September 12, 2023, and a 52-week low of Rs. 131.00 on August 5, 2024. Over the last week, the stock has seen a high of Rs. 154.85 and a low of Rs. 144.00. The company's current market capitalization stands at Rs. 194.91 crore.

Promoters hold 51.00% of the company's shares, while institutional investors own 0.02%, and non-institutional investors hold 48.98%.

Caprihans India recently established a wholly owned subsidiary in Germany, named Bilcare Research GmbH, as of September 9, 2024. The company fully owns Bilcare Research GmbH, which will focus on the sales and marketing of PVC-based films and aluminum foil products, mainly for packaging oral solid dosage (OSD) pharmaceutical items and other uses.

Caprihans India is among the largest and oldest manufacturers of Polyvinyl Chloride (PVC) films in India.