Kanchi Karpooram is currently trading at Rs. 663.85, up by 23.35 points or 3.65% from its previous closing of Rs. 640.50 on the BSE.
The scrip opened at Rs. 690.00 and has touched a high and low of Rs. 709.90 and Rs. 658.00 respectively. So far 108903 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 652.00 on 11-Feb-2021 and a 52 week low of Rs. 125.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 652.00 and Rs. 540.10 respectively. The current market cap of the company is Rs. 286.71 crore.
The promoters holding in the company stood at 46.68%, while Institutions and Non-Institutions held 0.05% and 53.27% respectively.
Kanchi Karpooram has successfully completed the trial production for the enhanced quantity of camphor along with its by-products after overcoming various issues in this pandemic situation. The initial adjustments/alteration required in the installed new machinery is already being done and the Company has commenced its commercial production.
Though the Company is geared up to achieve 90% of the installed capacity of production of Camphor, the same can be accomplished only after careful study of the market and considering various factors such as availability of Raw Materials, Foreign Exchange fluctuations, enhancing the present customer offtake, marketing efforts for the sale of by-products, encouraging new camphor buyers and Export opportunities.
Based on the Managements proven past experience, the Company has drawn an action plan which would take the production and marketing to the new heights of maximum installed capacity. Thus the Company envisages a planned growth in the future years to come.
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