Punjab Chemicals is currently trading at Rs. 87.00, up by 9.00 points or 11.54% from its previous closing of Rs. 78.00 on the BSE.
The scrip opened at Rs. 82.50 and has touched a high and low of Rs. 90.00 and Rs. 82.50 respectively. So far 11479 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.00 on 01-Aug-2011 and a 52 week low of Rs. 42.85 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 90.00 and Rs. 76.20 respectively. The current market cap of the company is Rs. 63.11 crore.
The promoters holding in the company stood at 50.36% while Institutions and Non-Institutions held 8.32% and 41.32% respectively.
Punjab Chemicals & Crop Protection's overseas subsidiary - SD Agchem (Europe) N.V., has entered into an agreement to divest 100% shareholding in SD Agchem (Netherlands) B.V. (SDANBV) to one of the overseas subsidiary of United Phosphorous.
Pursuant to this divestment, SDANBV and its subsidiaries including Agrichem B.V., will cease to the company's step down subsidiaries.
Punjab Chemicals & Crop Protection operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading. The company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.
