Hindustan Organic Chemicals (HOCL) is currently trading at Rs. 7.65, up by 0.40 points or 5.52% from its previous closing of Rs. 7.25 on the BSE.
The scrip opened at Rs. 7.65 and has touched a high and low of Rs. 7.90 and Rs. 7.65 respectively. So far 3830 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.35 on 03-Oct-2012 and a 52 week low of Rs. 6.05 on 05-Aug-2013.
Last one week high and low of the scrip stood at Rs. 7.99 and Rs. 7.20 respectively. The current market cap of the company is Rs. 51.39 crore.
The promoters holding in the company stood at 58.78% while Institutions and Non-Institutions held 0.03% and 41.19% respectively.
State-owned Hindustan Organic Chemicals (HOCL) has raised Rs 100 crore through four-year bonds, which carries an interest rate of around 10%. It will be utilizing these funds for its expansion plans. The company is reporting losses from last few years as its Rasayani unit in Maharashtra is not able to deliver positive results.
Hindustan Organic Chemicals provides the basic organic chemicals essential for vital industries like resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others, touching virtually facet of everyday life.
| Company Name | CMP |
|---|---|
| BASF India | 4035.90 |
| Tata Chemicals | 782.10 |
| SRF | 2780.75 |
| Pidilite Inds. | 1476.15 |
| Deepak Nitrite | 1875.25 |
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