Vishal Fabrics at 5% UC

Vishal Fabrics is a 35-year old, Gujarat based denim manufacturing and fabric processing unit with a capacity of over 100 million meters per annum.

This small cap stock is in the news today as SBICAP Trustee Company has raised stake in the company – from 6.20% to 6.38%. Promoter holding is at 69%.

The stock price, which had closed yesterday at Rs.30.05 and opened slightly higher at Rs.30.95, quickly rising to hit the 5% UC of the day at Rs.31.55. Its 52-week high is at Rs.42.88 and market cap stands at Rs.620 crore.