Sunshield Chemicals shines on renewing supply contract with Elantas GmbH Germany

25 Aug 2020

Sunshield Chemicals is currently trading at Rs. 160.00, up by 6.30 points or 4.10% from its previous closing of Rs. 153.70 on the BSE.

The scrip opened at Rs. 161.35 and has touched a high and low of Rs. 161.35 and Rs. 160.00 respectively. So far 4593 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.00 on 16-Jul-2020 and a 52 week low of Rs. 63.00 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 161.35 and Rs. 130.60 respectively. The current market cap of the company is Rs. 118.64 crore.

The promoters holding in the company stood at 62.36%, while Institutions and Non-Institutions held 0.01% and 37.63% respectively.

Sunshield Chemicals has renewed supply contract executed with Elantas GmbH Germany, for a further period of 5 years to supply THEIC product. Based on Current market conditions and potential business recovery in EU and US, the value of Contract could be in the range of Rs 17 crore to Rs 25 crore for a 12 months period.

Sunshield Chemicals is engaged in manufacture and sell of specialty chemicals in domestic and international markets. The Company's principal products include Sun Theic, Alkoxylates, Antioxidant and Miscelleanous.

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