Indo Count Industries zooms 16% amid high volumes

NEW DELHI: Shares of Mumbai-based textile manufacturer Indo Count Industries climbed as much as 16.11 per cent in the intraday trade on Monday.

At the time of writing this report, the trading volume stood at 1.85 lakh shares against the two-week average of 0.28 lakh shares on the BSE. The market valuation of the company stands at Rs 1,523.93 crore.

The company on last Thursday won Vasundhara Award from the Government of Maharashtra. "The company is adjudged as the second best company in the entire state of Maharashtra among all the large units. The award is on account of the companies’ contribution towards the commitment & promotion of Environment, Energy Conservation / Natural Resources & Social / Welfare Activities, it said in its BSE filing.

Indo Count is taking various initiatives towards sustainability both globally and in India. One of the recent efforts is getting its new made-ups manufacturing facility of Indo Count for fashion bedding is India’s first Leeds-V4 Certified Green Factory Project by the US Green Building Council, it says in the press release. "Leeds provides the framework to create healthy, highly efficient and cost-saving green buildings for better occupant comfort and minimizing environment impact," it added.

At 02:00 pm, shares of the company were trading at Rs 77.80 apiece on BSE, up 14.50 per cent.