Synopsis: The shares gained massively after its announcement of signing MoU with Indeca Sporting, as the company expects setting up a commercial facility with a capacity of 26,750 MTPA.

The shares of this company engaged in the manufacturing and trading of synthetic yarn and textiles such as Polyester Chips, Narrow Fabrics etc are in focus after signing MoU with a subsidiary of Decathlon Group.

With the market capitalization of Rs. 2,345.33 crore, Filatex India Ltd’s share on Friday made a day high of Rs. 55.62 per share, up around 6.8 percent from its previous day’s close price of Rs. 52.07 per share. It has delivered a return of 167.48 percent over a period of five years.

Details of the Memorandum of Understanding

Texfil, a Filatex India subsidiary, signed an MoU with Indeca Spo

See Full Page