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Manali Petrochemicals gains on receiving approval to invest additional $15 million in AMCHEM

09 Sep 2016 Evaluate

Manali Petrochemicals is currently trading at Rs. 31.35, up by 0.15 points or 0.48% from its previous closing of Rs. 31.20 on the BSE.

The scrip opened at Rs. 31.90 and has touched a high and low of Rs. 31.90 and Rs. 31.00 respectively. So far 5,631 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 36.75 on 27-Jul-2016 and a 52 week low of Rs. 20.95 on 10-Sep-2015.

Last one week high and low of the scrip stood at Rs. 32.00 and Rs. 30.70 respectively. The current market cap of the company is Rs. 536.64 crore.

The promoters holding in the company stood at 44.82%, while Institutions and Non-Institutions held 1.57% and 53.62% respectively.

Manali Petrochemicals has received an approval for additional investment of up to $15 million in AMCHEM Speciality Chemicals (AMCHEM), Singapore, the wholly owned subsidiary of the company for the potential acquisition of an overseas System House. The board of directors at its meeting held on September 08, 2016 has approved for the same.

Manali Petrochemicals 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

68.16 3.20 (4.93%)
15-Jun-2026 16:59 View Price Chart
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