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Astral Poly Technik strengthens on acquiring 76% stake in Resinova Chemie

24 Nov 2014 Evaluate

Astral Poly Technik is currently trading at Rs. 408.00, up by 4.90 points or 1.22% from its previous closing of Rs. 403.10 on the BSE.

The scrip opened at Rs. 416.50 and has touched a high and low of Rs. 418.00 and Rs. 407.05 respectively. So far 6073 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 434.70 on 19-Nov-2014 and a 52 week low of Rs. 122.50 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs. 434.70 and Rs. 381.00 respectively. The current market cap of the company is Rs. 4591.87 crore.

The institutions and non-institutions held 17.09% and 82.91% stake in the company, respectively.

Astral Poly Technik, which produces chlorinated polyvinyl chloride (CPVC) pipes and fittings, has acquired 76% stake in a chemical company -- Resinova Chemie -- for Rs 213 crore. The transaction values Resinova at Rs 289 crore.

Resinova manufactures and markets highly diversified range of epoxy adhesives. Its products have varied applications including automobile, construction, chemicals, engineering, industrial, furniture, sanitary and household sectors. Resinova, which sells its products under 50 brands, registered revenue of Rs 218 crore for the year ended September 2014

Earlier in August, Astral acquired 80% stake in UK-based Seal It Services, which is engaged in manufacturing and selling a range of sealants, adhesives, water proofing, cleaning products, tape and paints used mainly in construction sector.

Astral Poly Technik manufactures plumbing systems for residential and industrial applications. Astral is equipped with state of art production facilities at Ahmadabad and Himachal Pradesh to manufacture plumbing systems from 1/2” to 6” with all kinds of necessary fittings.

Astral Share Price

1590.45 -22.40 (-1.39%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3715.95
Astral 1590.45
Finolex Inds 173.80
Nilkamal 1321.40
Jain Irrigation Sys 33.18
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