Manali Petrochemical is currently trading at Rs. 36.70, up by 0.10 points or 0.27% from its previous closing of Rs. 36.60 on the BSE.
The scrip opened at Rs. 37.35 and has touched a high and low of Rs. 37.50 and Rs. 36.60 respectively. So far 85973 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 47.60 on 24-Oct-2016 and a 52 week low of Rs. 21.10 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 39.85 and Rs. 36.00 respectively. The current market cap of the company is Rs. 632.10 crore.
The promoters holding in the company stood at 44.82%, while institutions and non-institutions held 1.74% and 53.44% respectively.
Manali Petrochemicals has received its board’s approval for additional investment of up-to $1 million in its wholly owned subsidiary AMCHEM Speciality Chemicals Singapore in one or more tranches for exploring further overseas business opportunities. The company’s board gave approval for the same at the meeting held on January 31, 2017.
Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols.