Manali Petrochemical is currently trading at its upper limit of Rs. 16.28, up by 1.48 points or 10.00% from its previous closing of Rs. 14.80 on the BSE.
The scrip opened at Rs. 16.28 and has touched a high and low of Rs. 16.28 and Rs. 16.00 respectively. So far 14507 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 28.35 on 18-Apr-2019 and a 52 week low of Rs. 8.00 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 16.28 and Rs. 9.92 respectively. The current market cap of the company is Rs. 280.01 crore.
The promoters holding in the company stood at 44.86%, while Institutions and Non-Institutions held 0.37% and 54.77% respectively.
Manali Petrochemical has recommenced production of Propylene Oxide, feedstock for Propylene Glycol which is a pharmaceutical input, on April 7, 2020 at Plant 1.Decision on resumption of production of the other products will be decided in due course.
Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols.
