Aether Industries trades higher on making additional investment in Aether Speciality Chemicals
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Aether Industries is currently trading at Rs. 875.35, up by 2.25 points or 0.26% from its previous closing of Rs. 873.10 on the BSE.
The scrip opened at Rs. 865.30 and has touched a high and low of Rs. 876.10 and Rs. 845.90 respectively. So far 1019 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 19-Sep-2022 and a 52 week low of Rs. 699.85 on 03-Jun-2022.
Last one week high and low of the scrip stood at Rs. 905.60 and Rs. 845.90 respectively. The current market cap of the company is Rs. 10899.05 crore.
The promoters holding in the company stood at 87.07%, while Institutions and Non-Institutions held 9.91% and 3.01% respectively.
Aether Industries has invested further in its Wholly Owned Subsidiary Company viz. ‘Aether Speciality Chemicals’ on March 7, 2023. The newly incorporated Company will manufacture chemicals and operate in allied area, in-line with the Holding Company. Aether Speciality Chemicals is yet to commence business activities.
Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
