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Sintex Industries clarifies on US acquisition

Posted On: 2008-07-16 03:46:45

Sintex Industries Ltd has clarified with reference to the news item appearing in a leading financial daily titled "Sintex moulds US plastic dream", that the Company have been scouting for acquisition in the US and European markets.

In the US market, the Company is looking out for Companies in the plastic automotive moulder segment. However, the Company can not comment on individual deal.

The stock closed the day at Rs.288.60, up by Rs.6.95 or 2.47%. The stock hit an intraday high of Rs.291 and low of Rs.284.

The total traded quantity was 23127 compared to 2 week average of 98036.

Source: Equity Bulls

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