Paushak spurts on getting nod to expand production capacity of Phosgene

05 Aug 2020 Evaluate

Paushak is currently trading at Rs. 4179.05, up by 247.85 points or 6.30% from its previous closing of Rs. 3931.20 on the BSE.

The scrip opened at Rs. 4149.00 and has touched a high and low of Rs. 4315.00 and Rs. 4050.00 respectively. So far 1848 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 4,315.00  on 5-Aug-2020 and a 52 week low of Rs. 1301.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 4315.00 and Rs. 3400.00 respectively. The current market cap of the company is Rs. 1211.64 crore.

The promoters holding in the company stood at 66.71%, while Non-Institutions held 33.29% stake in the company.

Paushak has received approval to its application for amendment in Industrial License from the Department for Promotion of Industrial & Internal Trade, Ministry of Commerce & Industry vide its communication dated August 3, 2020 for expansion of licensed manufacturing capacity at its existing manufacturing facilities located at Panelav, Gujarat.

With this approval, the company has announced expansion of licensed manufacturing capacity for the product Phosgene from 4,800 MT per annum to 14,400 MT per annum and graded capacity for its other phosgene based derivatives. The said referred approval will allow the company to gradually expand its capacity in a phased manner.

Paushak is engaged in the manufacture of Phosgene & its derivatives. Phosgene is a versatile molecule and its derivatives have applications in diverse fields like pharmaceuticals, agrochemicals , polyurethanes, perfumeries, dyes, etc.

Paushak Share Price

5098.50 12.95 (0.25%)
28-Mar-2024 16:01 View Price Chart
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