Camex strengthens on booking orders worth more than Rs 2 crore in plastic chemicals

04 Jul 2016 Evaluate

Camex is currently trading at Rs. 34.70, up by 0.85 points or 2.51% from its previous closing of Rs. 33.85 on the BSE.

The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 34.80 and Rs. 33.25 respectively. So far 55,000 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.00 on 01-Feb-2016 and a 52 week low of Rs. 19.55 on 21-Jul-2015.

Last one week high and low of the scrip stood at Rs. 34.80 and Rs. 27.05 respectively. The current market cap of the company is Rs. 35.42 crore.

The promoters holding in the company stood at 67.85%, while Institutions and Non-Institutions held 0.01% and 32.14% respectively.

Camex has booked orders worth more than Rs 2 crore in plastic chemicals. The company is expecting to further consolidate its presence in the market over the next couple of months by augmenting its manufacturing capacity and adding value added products in its portfolio.

The company had recently diversified into plastic chemicals by setting up a new plant at GIDC Ankleshwar for manufacturing Polyethylene Wax. The new plant has initial manufacturing capacity of 5000 MT per annum for which it has already earmark an investment of Rs 10 crore for the new venture. The first phase of the same became operational from May 2016 with products finding its fast acceptance amongst the leading consumers.

Camex manufactures Reactive Dyes including VS, H, HE & Bi functional Dyes (for Textiles), Direct Dyes (Wool), Acid Dyes (Nylon & Leather) and Textile Chemicals. It is equipped with state of the art technology backed by the most advanced R&D labs, engaged by the highly qualified technocrats and dedicated employees.


Camex Share Price

51.00 -1.52 (-2.89%)
31-May-2024 16:01 View Price Chart
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