Pioneer Embroideries' BOD approves expansion; stock trades flat

Pioneer Embroideries Limited's Board of Directors approved a circular resolution on Saturday to expand into POY (Partially Oriented Yarns) and DTY (Draw Textured Yarns).

Pioneer Embroideries Ltd was trading at Rs67.40 per piece at around 11.19 a.m., down Rs0.4 or 0.59 percent from its previous closing price of Rs67.80 per piece on the BSE.

During early trade on Monday, the script opened at Rs68.30 and reached highs and lows of Rs69.65 and Rs66.65, respectively.

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