Kanoria Chemicals & Industries is currently trading at Rs. 124.70, up by 3.75 points or 3.10% from its previous closing of Rs. 120.95 on the BSE.
The scrip opened at Rs. 127.95 and has touched a high and low of Rs. 134.75 and Rs. 123.60 respectively. So far 9166 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 177.00 on 30-Dec-2022 and a 52 week low of Rs. 99.20 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 140.05 and Rs. 120.65 respectively. The current market cap of the company is Rs. 546.60 crore.
The promoters holding in the company stood at 74.40%, while Institutions and Non-Institutions held 0.18% and 25.42% respectively.
Kanoria Chemicals & Industries is setting up a new Formaldehyde plant with 300 TPD capacity at the existing manufacturing facility at GIDC, Ankleshwar Gujarat. The upcoming Formaldehyde plant will be with latest Metal Oxide based technology. This new capacity with superior technology will cater to growing demand in various sectors such as Engineering wood, Textile, Agrochemicals, Pharmaceuticals, etc. in the region as well as the exports markets.
Kanoria Chemicals & Industries (KCI) is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles.
