Insilco touches the roof on restarting plant operations

22 Aug 2014

Insilco is currently trading at Rs. 15.20, up by 0.72 points or 4.97% from its previous closing of Rs. 14.48 on the BSE.

The scrip opened at Rs. 14.75 and has touched a high and low of Rs. 15.20 and Rs. 14.75 respectively. So far 18215 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.35 on 27-Jun-2014 and a 52 week low of Rs. 8.20 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 15.20 and Rs. 13.21 respectively. The current market cap of the company is Rs. 95.33 crore.

The promoters holding in the company stood at 73.11% while Institutions and Non-Institutions held 0.06% and 26.83% respectively.

Insilco has restarted its Plant operations from August 20, 2014. The company had earlier announced on July 17, 2014 and August 11, 2014 regarding shut down of its Plant from July 18, 2014 due to high inventory and low sales volume.

Insilco’s principal activity is to manufacture and sell precipitated silica. It produces different grades of precipitated silica, catering to the requirements of customers in rubber and non-rubber segments. The rubber applications include tyres, footwears, rice roller, rubber auto parts and miscellaneous rubber goods industries. The non-rubber applications include plant protection, feed, food, toothpaste, detergents, battery separator, paints, silicon rubber, frp, defoamer, pharmaceuticals and distilleries.


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