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Manali Petrochemicals inches up on receiving approval to set-up overseas subsidiary

Manali Petrochemicals Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 500268 | NSE: MANALIPETC

09 Nov 2015 Evaluate

Manali Petrochemicals is currently trading at Rs. 29.40, up by 0.10 points or 0.34% from its previous closing of Rs. 29.30 on the BSE.

The scrip opened at Rs. 28.05 and has touched a high and low of Rs. 29.75 and Rs. 27.50 respectively. So far 1,87,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 37.20 on 05-Aug-2015 and a 52 week low of Rs. 12.95 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 32.50 and Rs. 27.50 respectively. The current market cap of the company is Rs. 505.00 crore.

The promoters holding in the company stood at 44.82% while Institutions and Non-Institutions held 2.09% and 53.09% respectively.

Manali Petrochemicals has received an approval for setting up an overseas subsidiary through which the company proposes to expand its global footprint. The board of directors at their meeting held on November 04, 2015 has approved for the same.

The company is a premier Indian Polyol manufacturer and is in process to transform itself as an Indian multi-national for which it is keen to foray into the PU markets abroad. The company is considering various locations around the globe for setting up system houses and related activities in the next 2 - 3 years.

Manali Petrochemicals (MPL) is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols.

Manali Petro Share Price

55.03 -0.15 (-0.27%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
BASF India	3653.10
Tata Chemicals	704.05
SRF	2464.40
Pidilite Inds.	1390.15
Deepak Nitrite	1537.20
View more..

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Manali Petrochemicals inches up on receiving approval to set-up overseas subsidiary

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