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Sudarshan Chemical Industries jumps on plans to ink an agreement with Eckart, Germany

14 Dec 2011

Sudarshan Chemical Industries is currently trading at Rs. 554.95, up by 29.85 points or 5.68% from its previous closing of Rs. 525.10 on the BSE.

The scrip opened at Rs. 554.95 and has touched a high and low of Rs. 554.95 and Rs. 554.95 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 798.40 on 02-Sep-2011 and a 52 week low of Rs. 492.15 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 563.00 and Rs. 521.55 respectively. The current market cap of the company is Rs. 363.51 crore.

The promoters holding in the company stood at 52.76% while Institutions and Non-Institutions held 3.70% and 43.55% respectively. 

Sudarshan Chemical Industries' has proposed to sign an agreement with Eckart, Germany for acquiring of assets relating to the natural mica based pearlescent pigment products for cosmetics and personal care sold under the brand Prestige and Fionac C owned by Eckart, Germany and or its affiliates. The agreement is proposed to be signed on December 15, 2011 in this regard.

Sudarshan Chemical is engaged in the production of organic and inorganic pigments and intermediates and diversified into the production of Agrochemicals. It is a part of the Rathi group of companies and contributes about 70% to the total sales revenue of the Group. The company is divided into three Strategic Business Groups namely, Pigments, Effect Pigments and Agrochemicals with manufacturing facilities at Roha and Mahad in Maharashtra.

Related Sudarshan Chemical Industries Ltd. Links:

Sudarshan Chemicals Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323