Finolex Industries is currently trading at Rs. 501.00, up by 0.50 points or 0.10% from its previous closing of Rs. 500.50 on the BSE.
The scrip opened at Rs. 491.00 and has touched a high and low of Rs. 504.10 and Rs. 491.00 respectively. So far 10181 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 515.00 on 06-Feb-2017 and a 52 week low of Rs. 293.00 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 510.00 and Rs. 483.20 respectively. The current market cap of the company is Rs. 6204.77 crore.
The promoters holding in the company stood at 52.47%, while Institutions and Non-Institutions held 12.65% and 34.53% respectively.
Finolex Industries has signed FlowGuard processor agreement with Lubrizol Corporation for the manufacturing and sale of Finolex FlowGuard Plus pipes and fittings in India. The product will be launched in the market by the company in the last week of March 2017 and will cater to the building and construction industry.
Finolex Industries manufactures PVC-U pipes and fittings, prominently in agriculture and also in non-agriculture sector including housing, telecom, construction and industries. The Pune based company has three plants in Baroda, Pune and Ratnagiri with a combined capacity 2.5 lakh tonnes of PVC pipes and fittings.