Wednesday, 17 October 2012

Himadri Chemicals Rises

Himadri Chemicals is currently trading at Rs. 30.85, up by 0.05 points or 0.16% from its previous closing of Rs. 30.80 on the BSE. The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.00 and Rs. 30.60 respectively. So far 1418 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.60 on 02-Nov-2011 and a 52 week low of Rs. 25.50 on 04-Sep-2012. Last one week high and low of the scrip stood at Rs. 32.95 and Rs. 30.20 respectively.

The current market cap of the company is Rs. 1180.34 crore. The promoters holding in the company stood at 44.63% while Institutions and Non-Institutions held 0.49% and 54.89% respectively. Kolkata-based Himadri Chemicals and Industries, has decided to expand its coal-tar distillation capacity to 10-lakh tonnes by March 2016.

As per the plan it has set up a plant in China to tap the East-Asian markets, the Rs 1,100-crore. The entity aims to expand its product bouquet by introducing downstream products of coal-tar pitch in the niche category like carbazol, phenolex and fluorine.

The company is also looking at greenfield expansion in Odisha and brownfield expansion at existing unit in Hooghly for coal-tar distillation. The investment for this expansion will be around Rs 1,700 crore over the next two to three years. [ Via ]

You can Contact us for trading Commodity, Equity, Stocks and futures. We are the leading brand in providing accurate trading tips with high accuracy. We offer Investment Planning, Money Management and Paid Consultancy too. 

Complete Broker Franchise available here. Get registered for free trials for any trade you want. Call us for more details and amazing offers for traders. Join us and become a professional trader.  

Mob: 9872444433, Landline: 0161-4413274, 0161-4621433 


Twitter Delicious Facebook Digg Stumbleupon Favorites More