Indo Borax & Chemicals is currently trading at Rs. 620.00, up by 2.60 points or 0.42% from its previous closing of Rs. 617.40 on the BSE.
The scrip opened at Rs. 621.70 and has touched a high and low of Rs. 626.35 and Rs. 603.30 respectively. So far 1795 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 739.00 on 18-Feb-2021 and a 52 week low of Rs. 147.00 on 31-Mar-2020.
Last one week high and low of the scrip stood at Rs. 627.75 and Rs. 577.05 respectively. The current market cap of the company is Rs. 199.58 crore.
The promoters holding in the company stood at 55.42%, while Non-Institutions held 44.58%.
Indo Borax & Chemicals has received an approval for further invest in subsidiary company Indoborax Infrastructure by subscribing 1,00,000 equity shares of Rs 10 each at a premium of Rs 929 per share for furtherance of business activities. The Board of Directors at their meeting held on March 22, 2021 considered and approved the same.
Indo Borax & Chemicals operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. The plant also enjoys the approval of Food and Drug Administration for manufacturing pharmaceutical grade of Boric Acid.
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