Insilco strengthens on restarting operations at its plant

04 May 2015

Insilco is currently trading at Rs 16.20, up by 0.55 points or 3.51% from its previous closing of Rs. 15.65 on the BSE.

The scrip opened at Rs. 15.35 and has touched a high and low of Rs. 16.40 and Rs. 15.35 respectively. So far 3914 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. 10.75 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 16.90 and Rs. 15.35 respectively. The current market cap of the company is Rs. 102.85 crore.

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

Insilco has restarted the Plant operations with effect from May 02, 2015. The company had earlier shut down its plant till May 01, 2015 due to high inventory and low sales volume.

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.

 

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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