Hindprakash Industries jumps on getting nod to acquire stake in Hindparagon Polyresins
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Hindprakash Industries is currently trading at Rs. 107.70, up by 1.75 points or 1.65% from its previous closing of Rs. 105.95 on the BSE.
The scrip opened at Rs. 105.85 and has touched a high and low of Rs. 109.10 and Rs. 103.90 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 116.95 on 02-Dec-2022 and a 52 week low of Rs. 88.45 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 109.30 and Rs. 95.05 respectively. The current market cap of the company is Rs. 112.27 crore.
The promoters holding in the company stood at 74.85%, while Non-Institutions held 25.15% stake in the company.
Hindprakash Industries has received approval from Board of Directors of the company for purchase of 5,00,000 equity shares of face value of Rs 10 each fully paid up of Hindparagon Polyresins [HPPL] ( Group Company) from Hindprakash Chemicals, a group company [existing shareholder of HPPL]. The Board of Directors at its meeting held on January 5, 2023 has approved the same.
Hindprakash Industries is engaged in the manufacturing and trading of dyes, auxiliaries, intermediates and chemicals.
