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Ami Organics inches up on incorporating wholly owned subsidiary

14 Sep 2023 Evaluate

AMI Organics is currently trading at Rs. 1284.50, up by 0.65 points or 0.05% from its previous closing of Rs. 1283.85 on the BSE.

The scrip opened at Rs. 1291.95 and has touched a high and low of Rs. 1305.20 and Rs. 1275.25 respectively. So far 7498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1387.50 on 24-Aug-2023 and a 52 week low of Rs. 844.95 on 01-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1382.05 and Rs. 1249.75 respectively. The current market cap of the company is Rs. 4679.43 crore.

The promoters holding in the company stood at 39.41%, while Institutions and Non-Institutions held 11.85% and 48.74% respectively.

Ami Organics has incorporated a wholly owned subsidiary Company ‘Baba Advance Materials’ on September 13, 2023. Baba Advance Materials is incorporated with the main object as manufacturing of organic and inorganic chemicals including speciality chemicals products and other allied business. The same is in line with the business of the Listed Entity.

Ami Organics is one of the leading research and development driven manufacturers of specialty chemicals. The company manufactures different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) for New Chemical Entities, and material for agrochemicals and fine chemicals.


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