Shalimar Paints is currently trading at Rs. 96.55, up by 1.30 points or 1.36 % from its previous closing of Rs. 95.25 on the BSE.
The scrip opened at Rs. 94.25 and has touched a high and low of Rs. 99.00 and Rs. 94.25 respectively. So far 6346 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 104.45 on 08-Jan-2014 and a 52 week low of Rs. 48.95 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs. 97.85 and Rs. 88.25 respectively. The current market cap of the company is Rs. 182.75 crore.
The promoters holding in the company stood at 62.36 % while Institutions and Non-Institutions held 1.81 % and 35.84 % respectively.
Shalimar Paints has suspended the operations at its plant in Howrah. After a fire accident at the company’s Howrah factory in March 2014, it has been making efforts to resume operations at the said unit.
Over the last four months, the company has been making all efforts to resume operations and during this period, it has supported its workers by paying full wages. However, with indefinite delay in starting the plant, it is constrained to suspend operations.
Keeping its workers’ interests foremost and to ensure job continuity, the company has offered its workers and staff, employment at other plants and depots across India.
Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.
