Chembond Chemicals shines as its arm incorporates wholly owned subsidiary in Thailand

29 Jun 2020

Chembond Chemicals is currently trading at Rs. 148.25, up by 2.60 points or 1.79% from its previous closing of Rs. 145.65 on the BSE.

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 155.00 and Rs. 147.00 respectively. So far 2474 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 280.00 on 05-Jul-2019 and a 52 week low of Rs. 117.05 on 08-Apr-2020.

Last one week high and low of the scrip stood at Rs. 160.00 and Rs. 132.00 respectively. The current market cap of the company is Rs. 199.71 crore.

The promoters holding in the company stood at 64.59%, while Institutions and Non-Institutions held 0.35% and 35.05% respectively.

Chembond Chemicals’ wholly owned subsidiary --Chembond Water Technologies has incorporated a wholly owned subsidiary under the name Chembond Water Technologies (Thailand) Company in Thailand. The said company has become wholly owned subsidiary of Chembond Water Technologies with effect from June 23, 2020.

Chembond Chemicals, incorporated in 1975, is engaged in specialty chemicals business and offers a range of products for industrial applications.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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