Sadhana Nitro Chem surges on plan to sell its wholly owned foreign subsidiary

16 Sep 2014

Sadhana Nitro Chem is currently trading at Rs. 17.60, up by 0.20 points or 1.15% from its previous closing of Rs. 17.40 on the BSE.

The scrip opened at Rs. 18.25 and has touched a high and low of Rs. 18.25 and Rs. 17.50 respectively. So far 3582 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.15 on 11-Aug-2014 and a 52 week low of Rs. 7.30 on 27-Mar-2014.

Last one week high and low of the scrip stood at Rs. 18.25 and Rs. 16.00 respectively. The current market cap of the company is Rs. 16.19 crore.

The promoters holding in the company stood at 70.92% while Institutions and Non-Institutions held 0.01% and 29.07% respectively.

Sadhana Nitro Chem has received an approval for sale of wholly owned foreign subsidiary of the company. The board of directors at their meeting held on September 12, 2014 has approved for the same.

Sadhana Nitro Chem is engaged in the manufacture and marketing of Nitrobenzene (12000 TPA) and its downstream derivatives and intermediates (4000 TPA) for various applications in Pharma, Agro, Dyes, Plastic Additives & Epoxy resin hardeners.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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