Hindustan Organic Chemicals is currently trading at its upper circuit limit of Rs. 25.55, up by 1.20 points or 4.93% from its previous closing of Rs. 24.35 on the BSE.
The scrip opened at Rs. 25.55 and has touched a high and low of Rs. 25.55 and Rs. 25.55 respectively. So far 19038 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.95 on 13-Jan-2017 and a 52 week low of Rs. 12.20 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 25.55 and Rs. 23.00 respectively. The current market cap of the company is Rs. 171.63 crore.
The promoters holding in the company stood at 58.78%, while institutions and non-institutions held 0.02% and 41.21% respectively.
Hindustan Organic Chemicals is planning to consider sale of land at Rasayani in Maharashtra and divestment in subsidiary Hindustan Fluorocarbons. In this regard, the company’s board will meet on February 8, 2017. The company’s board will consider sale of 442 acre of land to BPCL and 20 acre of land along with some plant and machinery to ISRO. Besides, it will also consider sale of plant and machinery for manufacturing concentrated nitric acid and di-nitro tetroxide.
Hindustan Organic Chemicals was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs.