Tamilnadu Petroproducts rises on restarting operations of plants

08 Apr 2020

Tamilnadu Petroproducts is currently trading at Rs. 27.40, up by 0.75 points or 2.81% from its previous closing of Rs. 26.65 on the BSE.

The scrip opened at Rs. 27.95 and has touched a high and low of Rs. 29.25 and Rs. 27.40 respectively. So far 10489 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.00 on 17-Jan-2020 and a 52 week low of Rs. 18.55 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 29.25 and Rs. 23.70 respectively. The current market cap of the company is Rs. 247.87 crore.

The promoters holding in the company stood at 34.54%, while Institutions and Non-Institutions held 10.06% and 55.40% respectively.

Tamilnadu Petroproducts has restarted operations of Heavy Chemicals Plant and Linear Alkyl Benzene Plant. The plants are operated as per the government guidelines in force. Decision on restart of the Propylene Oxide Plant will be taken in due course.

Tamilnadu Petroproducts has a world class Linear Alkyl Benzene (LAB) manufacturing facility. The company grew in strength by laying down a fundamental platform for financial strength and responding to customer requirements with innovative products and services.

Related Tamilnadu Petroproducts Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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