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Kanoria Chemicals surges as its arm inaugurates denim fabric project in Ethiopia

26 Oct 2015 Evaluate

Kanoria Chemicals & Industries is currently trading at Rs. 67.50, up by 4.50 points or 7.14% from its previous closing of Rs. 63.00 on the BSE.

The scrip opened at Rs. 64.95 and has touched a high and low of Rs. 69.95 and Rs. 64.00 respectively. So far 2,24,000 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 69.95 on 26-Oct-2015 and a 52 week low of Rs. 30.25 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 69.95 and Rs. 54.00 respectively. The current market cap of the company is Rs. 294.00 crore.

The promoters holding in the company stood at 74.43% while Institutions and Non-Institutions held 0.54% and 25.03% respectively.

Kanoria Chemicals & Industries’ subsidiary - Kanoria Africa Textiles plc, has set up an integrated denim project at Bishoftu, Ethiopia for manufacture of denim fabric with an annual capacity of 12 million metres. The plant was inaugurated on October 24, 2015.

Kanoria Chemicals & Industries is a certified leading manufacturer of chemical intermediates in India. It manufactures Chlor-Alkalis, Chlorine derivatives and water treatment chemicals.



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