Shree Ganesh Remedies trades jubilantly on the BSE

08 Sep 2021 Evaluate

Shree Ganesh Remedies is currently trading at Rs. 386.00, up by 29.00 points or 8.12% from its previous closing of Rs. 357.00 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 425.00 and Rs. 345.60 respectively. So far 30718 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.40 on 18-Jun-2021 and a 52 week low of Rs. 110.28 on 09-Sep-2020.

Last one week high and low of the scrip stood at Rs. 380.00 and Rs. 350.50 respectively. The current market cap of the company is Rs. 386.25 crore.

The promoters holding in the company stood at 68.39%, while Non-Institutions held 31.61%.

Shree Ganesh Remedies’ board has decided to enter into the Share Purchase Agreement to acquire the 74% stake of Dhari Chemicals (DCL). DCL was incorporated to carry on the business of manufacturing of speciality chemicals, chemical compounds, (organic and in-organics) in all forms (solid, liquid and gaseous) and of all kinds of solvents, alkalies, intermediates, chemical auxilliaries, disinfactents, biochemicals and its related preparations, articles and products. Further, Shree Ganesh will also take steps to complete the acquisition of remaining 26% equity stake from existing shareholders. The Board of Directors of the company in their meeting held on September 7, 2021 have decided for the same.

Shree Ganesh Remedies is engaged in manufacturing and dispatch of drug intermediates and chemicals like amine hydrochloride and specialty fine chemicals for pharmaceutical industry.


Shree Ganesh Remed. Share Price

857.90 10.10 (1.19%)
10-Jun-2024 13:33 View Price Chart
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