Camphor & Allied Products shines on entering into a material definitive Agreement with IFF

26 Nov 2014

Camphor & Allied Products is currently trading at Rs 359.50, up by 39.15 points or 12.22% from its previous closing of Rs. 320.35 on the BSE.

The scrip opened at Rs 336.00 and has touched a high and low of Rs. 370.00 and Rs. 335.00 respectively. So far 19369 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 432.90 on 16-Sep-2014 and a 52 week low of Rs. 114.00 on 03-Dec-2013.

Last one week high and low of the scrip stood at Rs. 341.00 and Rs. 301.00 respectively. The current market cap of the company is Rs. 187.89 crore.

The promoters holding in the company stood at 57.66% while Institutions and Non-Institutions held 0.16% and 42.17% respectively.

Camphor & Allied Products (CAPL), a pioneer in the manufacture of Terpene and Petrochemical based Fragrance Chemicals and Fragrance Chemical intermediates in India, has entered into a multi-year manufacturing and supply agreement for the manufacture of Fragrance Ingredient Intermediates and finished products with International Flavours and Fragrances Inc (IFF). IFF is one of the top five Fragrance and Flavours manufacturing company with presence in several countries. This arrangement will strengthen CAPL's manufacturing capabilities and leverages on the strengths of both companies and deliver enhanced value to all the stake holders in India and across the Globe.

Camphor & Allied Products is India’s largest manufacturers of variety of terpene chemicals and other speciality aroma chemicals. Its vast product range includes synthetic camphor, terpineols, pine oils, resins, astrolide, dihydromyrcenol, and several other chemicals finding applications in vast array of industries ranging from flavours & fragrances, pharmaceuticals, soaps & cosmetics, rubber & tyre, paints & varnishes and many more.

 

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