Mohit Industries Limited (MOHITIND.NS)
Mohit Industries Limited operates in the Manufacturing - Textiles industry of the Consumer Cyclical sector, headquartered in Surat, GU, IN. The stock last traded at $23.81, down 2.94% on the session, giving a market capitalisation of $337.1M. Its beta of 0.24 implies it has historically moved less than the broad market.
Mohit Industries Limited, an Indian enterprise, is primarily engaged in the textile industry. Its core business revolves around the manufacturing and sale of texturized yarn, which is derived from partially oriented yarn, and the conversion of yarn into grey fabric through weaving. The company's product portfolio encompasses a range of textile goods, including various types of yarns and unbleached grey cloth. Beyond its domestic operations within India, Mohit Industries maintains a substantial international presence, exporting its merchandise to numerous countries worldwide. These include, but are not limited to, South Korea, Thailand, the Czech Republic, Guatemala, Bulgaria, Indonesia, Japan, Vietnam, Malaysia, Mexico, Colombia, the United Kingdom, Sweden, Ethiopia, and Bangladesh. Originally established in 1991, the firm was initially known as Mohit Fibres Limited until it adopted its current name, Mohit Industries Limited, in 1997. The company's principal administrative office is situated in Surat, India.
Mohit Industries Limited is most often compared with the following Consumer Cyclical names: