Sudarshan Chemicals shines on planning to invest Rs 1,000 crore in next 5 years

20 Sep 2016 Evaluate

Sudarshan Chemical Industries is currently trading at Rs 397.20, up by 18.90 points or 5% from its previous closing of Rs. 378.30 on the BSE.

The scrip opened at Rs. 387.90 and has touched a high and low of Rs. 397.20 and Rs. 384.80 respectively. So far 58520 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 455.30 on 31-Aug-2016 and a 52 week low of Rs. 78.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 397.20 and Rs. 322.20 respectively. The current market cap of the company is Rs. 2749.71 crore.

The promoters holding in the company stood at 52.89%, while Institutions and Non-Institutions held 3.58% and 43.53% respectively.

Sudarshan Chemical Industries is reportedly planning to invest Rs 1000 crore over the next five years. The company is aspiring to become the fourth largest company in the world.  It is one of the leading manufacturers of color & effect pigments in India and its products primarily serve the coatings, plastics, inks and cosmetics markets.

The company is also eying to become fourth largest global player in the next three years.  To achieve this, it has started globalizing its business from the last two-three years. It is changing the product portfolio to high performance pigments and which go into coatings and also effect pigments which go into cosmetics.

Sudarshan Chemicals Share Price

735.40 13.60 (1.88%)
03-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Sudarshan Chemicals 735.40
Bodal Chemicals 77.25
Shree Pushkar Chem 172.75
Kiri Industries 359.85
Bhageria Industries 171.25
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