Sumeet Industries Share Soars 6,600% in 3 Years, Announces Major Exchange Update
Loading more articles...
Sumeet Industries: From ₹0.24 to ₹30 in 3 Years, 6,600% Return! New Acquisition Boosts Growth
C
CNBC Awaaz•17-03-2026, 12:53
Sumeet Industries: From ₹0.24 to ₹30 in 3 Years, 6,600% Return! New Acquisition Boosts Growth
•Sumeet Industries share price surged from ₹0.24 to ₹30 in three years, delivering an astounding 6,681% return to investors.
•The company recently announced the acquisition of Nakoda Limited's Polyester Chips manufacturing plant in Surat for ₹23.46 crore.
•This acquisition is expected to increase Sumeet Industries' Polyester Chips production capacity to approximately 400 tons per day.
•Sumeet Industries, a polyester yarn manufacturer, produces PET Chips, POY, FDY, PTY, Microfilament Yarn, and Carpet Yarn, serving both domestic and international markets.
•The company, acquired by Eagle Group in 2024, focuses on value-added products and has a production capacity of over 2 lakh tons per year.
