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Deep Polymers surges on entering into MoA with IIT Guwahati

Deep Polymers Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 541778 | NSE:

07 Dec 2022 Evaluate

Deep Polymers is currently trading at Rs. 147.00, up by 0.20 points or 0.14% from its previous closing of Rs. 146.80 on the BSE.

The scrip opened at Rs. 149.90 and has touched a high and low of Rs. 149.90 and Rs. 145.30 respectively. So far 6816 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.57 on 04-Jan-2022 and a 52 week low of Rs. 142.00 on 03-Nov-2022.

Last one week high and low of the scrip stood at Rs. 153.80 and Rs. 145.30 respectively. The current market cap of the company is Rs. 338.58 crore.

The promoters holding in the company stood at 62.79%, while Non-Institutions held 37.21% stake in the company.

Deep Polymers has entered into a Memorandum of Agreement (MoA) with Indian Institute of Technology, Guwahati (IITG) under IITG- Common Research & Technology Development Hub (CRTDH) which is funded by Department of Scientific & Industrial Research (DSIR), Ministry of Science and Technology, New Delhi.

As per the said MOU, IIT Guwahati undertakes to perform the Professional Services as may be necessary. Deep Polymers shall make investment / availability of plant and machinery for development of biodegradable plastic and related technologies, provide its services for R&D, training of manpower and technology dissemination related to biodegradable plastics, products development and its utilization of commercialization on mutually agreed conditions under the CRTDH which is Funded by DSIR, Ministry of Science and Technology, Government of India.

Deep Polymers is engaged in manufacturing colour and additive master batches for engineering plastics and compounds that includes wide range of quality products like antifab fillers, transparent fillers, colour fillers, which is used as cost effective replacements for polymers and acts as anti-fibrillating, anti-blocks, anti-slip agents.

Deep Polymers Share Price

41.14 0.10 (0.24%)

16-Apr-2026 16:59 View Price Chart

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Deep Polymers surges on entering into MoA with IIT Guwahati

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