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Mitsu Chem Plast shines on getting nod to raise Rs 200 crore

16 Feb 2022 Evaluate

Mitsu Chem Plast is currently trading at Rs. 290.00, up by 11.50 points or 4.13% from its previous closing of Rs. 278.50 on the BSE.

The scrip opened at Rs. 305.65 and has touched a high and low of Rs. 305.65 and Rs. 281.40 respectively. So far 747 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.70 on 13-Jan-2022 and a 52 week low of Rs. 100.00 on 24-Feb-2021.

Last one week high and low of the scrip stood at Rs. 289.30 and Rs. 262.55 respectively. The current market cap of the company is Rs. 351.92 crore.

The promoters holding in the company stood at 73.03%, while Institutions and Non-Institutions held 1.92% and 25.06% respectively.

Mitsu Chem Plast has received an approval for raising of funds upto Rs 200 crore by way of issue of equity shares or any other instruments or securities through further public issue/ Qualified institutional placement, private placement/ right issue or through any other permissible mode and/or combination thereof as may be considered appropriate, subject to shareholders and other such approvals, as may be required. The Meeting of Board of Directors of the company held on February 15, 2022 has, inter alia considered and approved the same.

Mitsu Chem Plast is a leading manufacturer of world-class plastic Blow Molded and Injection Molded products.

Mitsu Chem Plast Share Price

170.10 10.75 (6.75%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3654.70
Astral 1569.55
Finolex Inds 177.95
Nilkamal 1302.00
Jain Irrigation Sys 35.10
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