Chembond Chemicals is currently trading at Rs. 391.70, up by 11.90 points or 3.13% from its previous closing of Rs. 379.80 on the BSE.
The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 391.70 and Rs. 380.00 respectively.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 415.00 on 10-Apr-2015 and a 52 week low of Rs. 140.00 on 19-May-2014.
Last one week high and low of the scrip stood at Rs. 391.70 and Rs. 356.00 respectively. The current market cap of the company is Rs. 261.00 crore.
The promoters holding in the company stood at 68.76% while Institutions and Non-Institutions held 0.36% and 30.89% respectively.
Chembond Chemicals has signed a joint venture agreement with Calvatis GmbH, Ladenburg, Germany for manufacturing and distributing disinfectants and cleaning solutions for the food, beverage, dairy and brewing industry in the Indian sub-continent. With world class products, equipment and service back-up, the joint venture will cater to the growing need for professional cleaning solutions of these industries.
This joint venture is a convergence of two respected and highly capable organizations driven by a common purpose. Calvatis’ vast knowledge, experience and contacts in the field globally combined with Chembond’s experience of manufacturing, sales and service practices and contacts from synergistic businesses would ensure early success for the joint venture.
Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.
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