NOCIL is currently trading at Rs. 87.45, up by 2.60 points or 3.06% from its previous closing of Rs. 84.85 on the BSE.
The scrip opened at Rs. 87.20 and has touched a high and low of Rs. 88.50 and Rs. 86.00 respectively. So far 553583 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.50 on 17-Mar-2017 and a 52 week low of Rs. 44.10 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 88.50 and Rs. 81.60 respectively. The current market cap of the company is Rs. 1388.00 crore.
The promoters holding in the company stood at 37.35%, while institutions and non-institutions held 5.40% and 57.25% respectively.
NOCIL has received an approval for expansion of capacities of Rubber Chemicals and their intermediates at its plants situated at Navi Mumbai and Dahej. The board of directors at its meeting held on March 16, 2017 has approved for the same.
The total capital expenditure envisaged is approximately Rs 170 crore. The expansion project is likely to be commissioned by the end of Quarter 2 of the Financial Year 2018-19. The capital expenditure will be financed largely through internal accruals.
NOCIL is an India-based company, which offers basic organic chemicals. The company is engaged in the business of manufacturing and trading of rubber chemicals.