MoneyWorks4Me

Aarti Industries spurts on hiking stake in Ganesh Polychem to 50.24%

22 Mar 2016 Evaluate

Aarti Industries is currently trading at Rs 479.80, up by 4.50 points or 0.95% from its previous closing of Rs. 475.30 on the BSE.

The scrip opened at Rs. 475.00 and has touched a high and low of Rs. 479.90 and Rs. 475.00 respectively. So far 947 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 584.80 on 07-Oct-2015 and a 52 week low of Rs. 294.00 on 28-Apr-2015.

Last one week high and low of the scrip stood at Rs. 495.60 and Rs. 464.00 respectively. The current market cap of the company is Rs. 3961.88 crore.

The promoters holding in the company stood at 54.79% while Institutions and Non-Institutions held 15.43% and 29.78% respectively.

Aarti Industries has increased its stake in Ganesh Polychem from 50% to 50.24%. Consequently, Ganesh Polychem has become subsidiary of company with effective from March 18, 2016.

Aarti Industries is the leading and highly integrated chemical manufacturer involved in mainly manufacturing of various benzene based downstream and derivative products.

Peers
Company Name CMP
Godrej Industries 1100.20
SRF 2548.90
BASF India 3546.00
Pidilite Inds. 1557.40
Tata Chemicals 663.75
View more..