Indo Amines surges on getting business license certificate for its subsidiary in China

29 Jan 2019

Indo Amines is currently trading at Rs. 88.65, up by 1.30 points or 1.49% from its previous closing of Rs. 87.35 on the BSE.

The scrip opened at Rs. 93.00 and has touched a high and low of Rs. 93.30 and Rs. 88.30 respectively. So far 1805 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.00 on 18-Sep-2018 and a 52 week low of Rs. 65.00 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 99.00 and Rs. 84.60 respectively. The current market cap of the company is Rs. 294.47 crore.

The promoters holding in the company stood at 73.50%, while Non-Institutions held 26.50% stake in the company.

Indo Amines has received the Business License Certificate in the name of Indo Amines Sales (Changzhou) Co.

Indo Amines Sales (Changzhou) will be the wholly owned subsidiary of the company with the object of wholesale and retailing of raw chemicals (except hazardous products), textile, rubber products, metal materials, import and export of goods and technologies (except the ones involved with the specific managed goods or technologies by the government) and other activities or projects approved by related authorities.

Indo Amines manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.

Related Indo Amines Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323