Meghmani Organics surges on commencing commercial production at Dahej plant

19 Dec 2013

eghmani Organics is currently trading at Rs. 8.00, up by 0.14 points or 1.78% from its previous closing of Rs. 7.86 on the BSE.

The scrip opened at Rs. 8.00 and has touched a high and low of Rs. 8.25 and Rs. 7.73 respectively. So far 36600 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.73 on 05-Dec-2013 and a 52 week low of Rs. 3.76 on 03-Jul-2013.

Last one week high and low of the scrip stood at Rs. 8.00 and Rs. 7.60 respectively. The current market cap of the company is Rs. 203.45 crore.

The promoters holding in the company stood at 50.36% while Institutions and Non-Institutions held 1.21% and 28.29% respectively.

Meghmani Organics’ (MOL) Pigment expansion Project situated at Plot No. Z 31 & Z 32, Dahej SEZ, Dahej, Bharuch has started commercial production of CPC Blue (Crude) - 600 Mt and Beta Blue - 300 Mt. per month from December 01, 2013. In full Financial year 2015, MOL will earn revenue of Rs. 200 crore and Profit before Tax of Rs. 20 crore. The profit generated will be tax free as the project is in SEZ.

Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.


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