Kanoria Chemicals is currently trading at Rs. 35.25, up by 1.55 points or 4.60% from its previous closing of Rs. 33.70 on the BSE.
The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 39.35 and Rs. 34.30 respectively. So far 23185 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 55.80 on 21-Jul-2011 and a 52 week low of Rs. 23.55 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 39.35 and Rs. 31.05 respectively. The current market cap of the company is Rs. 198.45 crore.
The promoters holding in the company stood at 57.05% while Institutions and Non-Institutions held 17.70% and 25.25% respectively.
Kanoria Chemicals & Industries is planning to enter into the automotive component business by acquiring 90% stake in Switzerland-based APAG Holding AG for over Rs 44 crore. The balance 10% stake will be acquired by 2014 on the basis of a pre-fixed pricing formula.
APAG Holding AG is the holding company of APAG Elektronik that develops and sells electronic and mechatronic modules and control devices for the automotive, consumer goods, power tool electronics and building automation industries.
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