The company's share price has touched the upper circuit for the sixth consecutive trading day. After a 10 percent jump, the stock price touched Rs 299.10 on the BSE. A big news related to the company has come out. After which this stock has gained tremendous momentum.
Investor Bhavuk Tripathi has announced an open offer. He has made this open offer to buy 3.7 million shares or 25.45 percent public stake in the company.
The offer price of this open offer has been fixed at Rs 158. Let us tell you that in the last 6 trading days, the share prices of this company have increased by 130 percent.
On Tuesday, the board of Virat Industries has decided to issue 9.6 million shares to veteran Chandraprakash Tripathi through a preferential issue and private placement. This will be announced at a price of Rs 104 per share.
A fund of Rs 99.84 crore will be collected through it. Let us tell you that currently Virat Industries comes under 'X' Group in BSE. This is a group that is listed or traded only on BSE.
Virat Industries hit a 52-week high of Rs. 299.10 and a 52-week low of Rs. 127 per share. The market cap of the company is Rs 147.26 crore.
Virat Industries manufactures premium dresses and sports socks. The company manufactures its products for men, women and children. The socks manufactured by Virat Industries are also sold in foreign markets.
Talking about the financial position of the company, the total revenue in the June quarter was Rs. 5.99 crores. While the net profit during this period was 22 lakh rupees.
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