Insilco shines on plan to restart Plant operations with effect from January 18

02 Jan 2015

Insilco is currently trading at Rs. 21.95, up by 0.80 points or 3.78% from its previous closing of Rs. 21.15 on the BSE.

The scrip opened at Rs. 21.50 and has touched a high and low of Rs. 21.95 and Rs. 21.00 respectively. So far 5950 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.50 on 19-Nov-2014 and a 52 week low of Rs. 8.20 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 22.50 and Rs. 20.30 respectively. The current market cap of the company is Rs. 133.27 crore.

The promoters holding in the company stood at 73.11% while Institutions and Non-Institutions held 0.06% and 26.83% respectively.

Insilco will restart operations of its plant with effect from January 18, 2015. The plant has been shut down from December 31, 2014 due to high inventory and low sales volume. The company shall also carry out routine preventive maintenance and cleaning during this time.

Insilco’s principal activity is to manufacture and sell precipitated silica. It produces different grades of precipitated silica, catering to the requirements of customers in rubber and non-rubber segments. The rubber applications include tyres, footwears, rice roller, rubber auto parts and miscellaneous rubber goods industries. The non-rubber applications include plant protection, feed, food, toothpaste, detergents, battery separator, paints, silicon rubber, frp, defoamer, pharmaceuticals and distilleries.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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