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IG Petrochemicals touches the roof on restarting production at PA-2 Plant at Taloja

27 Oct 2014 Evaluate

IG Petrochemicals is currently trading at its upper circuit limit of Rs. 62.50, up by 2.95 points or 4.95% from its previous closing of Rs. 59.55 on the BSE.

The scrip opened at Rs. 61.00 and has touched a high and low of Rs. 62.50 and Rs. 60.50 respectively. So far 9337 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.00 on 23-Sep-2014 and a 52 week low of Rs. 17.65 on 28-Oct-2013.

Last one week high and low of the scrip stood at Rs. 62.95 and Rs. 51.35 respectively. The current market cap of the company is Rs. 192.47 crore.

The promoters holding in the company stood at 72.10% while Institutions and Non-Institutions held 0.06% and 27.84% respectively.

IG Petrochemicals has restarted production and stabilized operations at the company’s Phthalic Anhydride Plant (PA-2) located at Taloja which was closed for change of Catalyst.

IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra.

 

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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