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Meghmani Organics soars on installing additional capacity to manufacture 2,4-D

29 May 2019

Meghmani Organics is currently trading at Rs. 72.30, up by 1.90 points or 2.70% from its previous closing of Rs. 70.40 on the BSE.

The scrip opened at Rs. 70.40 and has touched a high and low of Rs. 73.00 and Rs. 70.10 respectively. So far 124784 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.50 on 29-May-2018 and a 52 week low of Rs. 42.10 on 06-Feb-2019.

Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 62.95 respectively. The current market cap of the company is Rs. 1831.06 crore.

The promoters holding in the company stood at 50.68%, while Institutions and Non-Institutions held 2.14% and 47.18% respectively.

Meghmani Organics has installed additional capacity to manufacture 2,4-D a widely used and environmental friendly herbicide. For this, the company has set up additional production facility at its existing agro manufacturing facility situated at Bharuch in the state of Gujarat.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Related Meghmani Organics Ltd. - (Amalgamated) Links:

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SEBI Registered: Investment Adviser - INA000013323

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