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Omkar Speciality Chemicals gains as govt accepts co’s claims for process patent

16 Sep 2014 Evaluate

Omkar Speciality Chemicals is currently trading at Rs. 146.00, up by 2.50 points or 1.74 % from its previous closing of Rs. 143.50 on the BSE.

The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 149.15 and Rs. 144.60 respectively. So far 89206 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.00 on 24-Mar-2014 and a 52 week low of Rs. 68.70 on 03-Oct-2013.

Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 139.05 respectively. The current market cap of the company is Rs. 286.57 crore.

The promoters holding in the company stood at 66.08 % while Institutions and Non-Institutions held 16.86 % and 17.06 % respectively.

The Patents Office, Government of India, has accepted the Omkar Speciality Chemicals’ claim for process patent for an Advance Intermediate namely ‘5-IODO-2-METHYLBENZOIC ACID’ having special applications in pharmaceutical industry.

The patent has been granted to the company for an invention entitled Process for Producing ‘5-IODO-2-METHYLBENZOIC ACID’ for the terms of 20 years from August 17, 2010 in accordance with the provision of the Patent Act 1970.

Omkar Speciality Chemicals is mainly engaged in the manufacture and sale of speciality chemicals viz., selenium compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz., Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.

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