Stylam Industries Ltd board approves expansion proposal

The Board of Directors of Stylam Industries Ltd in its Board Meeting held on Thursday i.e. 27th May 2021, has approved the proposal for expansion into Plywood sector at Manak Tabra location was approved for an estimated cost of Rs. 60 crores and Managing Director of the company was authorised to do all acts, deeds, matters and things as necessary for the purpose of giving effect to the proposal.

Shares of Stylam Industries Limited was last trading in BSE at Rs.876.6 as compared to the previous close of Rs. 855.25. The total number of shares traded during the day was 7960 in over 217 trades.

The stock hit an intraday high of Rs. 880 and intraday low of 851.2. The net turnover during the day was Rs. 6944668.

Source : Equity Bulls

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