27 Sep 2024

Mayur Uniquoters' Shares Climb as Subsidiary Acquires Lithuanian Firm

Mayur Uniquoters is currently trading at Rs. 609.65, up by 6.05 points or 1.00% from its previous close of Rs. 603.60 on the BSE.

The stock opened at Rs. 604.25, reaching a high of Rs. 609.65 and a low of Rs. 603.45. A total of 388 shares have been traded so far.

Classified under the BSE group 'B', the stock, with a face value of Rs. 5, hit a 52-week high of Rs. 698.00 on August 2, 2024, and a 52-week low of Rs. 454.05 on March 28, 2024.

In the past week, the stock's high and low were Rs. 635.00 and Rs. 590.45, respectively. The company's current market capitalization stands at Rs. 2,622.80 crore.

Promoters hold 58.52% of the company, with institutional investors owning 7.25%, and non-institutional investors holding 34.23%.

Mayur Uniquoters' US subsidiary, Mayur Uniquoters Corp. (MUC), has acquired a new wholly-owned subsidiary in Lithuania, named UAB Futura Textiles Europe. This acquisition, aimed at trading artificial synthetic leather, is expected to strengthen the company's global presence and improve supply availability across Europe. The acquisition was made for 4,000 Euros.

Mayur Uniquoters is India’s largest manufacturer of artificial leather/PVC vinyl, utilizing Release Paper Transfer Coating Technology.