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Mangalam Organics inches up on incorporating WOS company

24 Apr 2020 Evaluate

Mangalam Organics is currently trading at Rs. 250.85, up by 0.80 points or 0.32% from its previous closing of Rs. 250.05 on the BSE.

The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 255.00 and Rs. 243.60 respectively.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 614.00 on 25-Apr-2019 and a 52 week low of Rs. 120.80 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 255.00 and Rs. 223.00 respectively. The current market cap of the company is Rs. 214.15 crore.

The promoters holding in the company stood at 51.87%, while Institutions and Non-Institutions held 0.01% and 48.12% respectively.

Mangalam Organics has incorporated new wholly-owned subsidiary (WOS) company namely ‘Campure’, under companies act, 2013 with effect from April 21, 2020. New company is incorporated as a company to carry on the business of manufacturing Camphor related products.

Mangalam Organics manufactures and sells chemicals in India.

Peers
Company Name CMP
Godrej Industries 1098.10
SRF 2525.80
BASF India 3520.80
Pidilite Inds. 1530.00
Tata Chemicals 652.10
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