CMI Limited to venture into retail

CMI Limited undertook a pilot project in retail franchise / distribution in one of the northern state to capture the growth opportunity arising from increasing demand and encouraging results in Household and building segment.

Buoyed by success of the aforesaid pilot project, Company has decided to venture into Retail foray on PAN India basis in other states to diversify the customer base and utilise the production capacity and planning to enter FMEG also. A step in this direction will open fresh avenues to find a place in B to C segment.

Shares of CMI LTD. was last trading in BSE at Rs.53.2 as compared to the previous close of Rs. 55.95. The total number of shares traded during the day was 3037 in over 31 trades.

The stock hit an intraday high of Rs. 55 and intraday low of 53.2. The net turnover during the day was Rs. 162671.

Source : Equity Bulls

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