Indo Cotspin's stock saw a rise today, currently trading at Rs. 54.23, marking an increase of 1.05 points or 1.97% from its last close of Rs. 53.18 on the BSE.

The stock opened at Rs. 54.23, hitting the same price as both its high and low during the session. A total of 14,599 shares changed hands in the market so far.

Belonging to the BSE 'XT' group with a face value of Rs. 10, the stock reached a 52-week high of Rs. 58.94 on August 6, 2024, and a 52-week low of Rs. 20.15 on November 28, 2023. Over the past week, it recorded a high of Rs. 54.25 and a low of Rs. 50.22. The company's current market capitalization is Rs. 54.25 crore.

As of the latest data, promoters hold a 59.21% stake in the company, while non-institutional investors account for the remaining 40.79%.

Indo Cotspin has received approval to establish a wholly-owned subsidiary, Indo Truly Trade. This new subsidiary will focus on trading in a variety of goods, including food grains such as rice, and gold-related products. It will also engage in real estate activities, including the purchase, development, and management of properties. The board approved this move during a meeting on September 10, 2024.

Indo Cotspin is well-known as a manufacturer, exporter, importer, trader, and supplier of non-woven products, including fabrics, carpets, and felts. Based in Panipat, Haryana, the company exports its products globally at competitive prices.