Pioneer Embroideries appoints agency to advise on optimum usage of company's land

Pioneer Embroideries Ltd has announced that the Company is having its manufacturing facilities situated at Mumbai, Sarigam, Naroli, Dadra, Karad, Coimbatore, Bangalore and Pune.

Due to the surplus land available and future land development prospects at these strategic locations, the Company has a plan to appoint an Independent Agency to advise the Company about the optimum usage of these Locations as the Board of Directors may deem fit from time to time.

The stock was trading at Rs.200, up by Rs.3.95 or 2.01%. The stock hit an intraday high of Rs.205.50 and low of Rs.198.10. The total traded quantity was 27414 compared to 2 week average of 33809.

Source : Equity Bulls

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