Chembond Chemicals gains as its arm executes distribution agreement with MicrodynNadir

17 Dec 2020

Chembond Chemicals is currently trading at Rs. 171.10, up by 1.35 points or 0.80% from its previous closing of Rs. 169.75 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 174.65 and Rs. 170.00 respectively. So far 2270 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 248.45 on 08-Jan-2020 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. 174.00 and Rs. 159.80 respectively. The current market cap of the company is Rs. 233.73 crore.

The promoters holding in the company stood at 65.50%, while Institutions and Non-Institutions held 0.35% and 34.14% respectively.

Chembond Chemicals’ wholly owned subsidiary -- Chembond Clean Water Technologies has executed a distribution agreement with MicrodynNadir, a Mann+Hummel Company. With this agreement in place, Chembond Clean would be the exclusive distribution partner of MicrodynNadir, the Membrane Solutions segment of Mann+Hummel, for their water and wastewater products like BIO-CEL MBR, AQUADYN UF, PureULTRA UF, and MICRODYN RO & NF spirals in India.

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

 

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