Hindprakash Industries zooms on planning to acquire stake in Hindparagon Polyresins
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Hindprakash Industries is currently trading at Rs. 105.50, up by 5.80 points or 5.82% from its previous closing of Rs. 99.70 on the BSE.
The scrip opened at Rs. 99.50 and has touched a high and low of Rs. 105.50 and Rs. 95.80 respectively. So far 596 shares were traded on the counter.
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. 94.75 respectively. The current market cap of the company is Rs. 109.97 crore.
The promoters holding in the company stood at 74.85%, while Non-Institutions held 25.15% stake in the company.
Hindprakash Industries is planning to purchase equity shares of Hindparagon Polyresins (HPPL) (Promoter Group Company) from the Hindprakash Chemicals, a Promoter group company (existing shareholder of HPP). A meeting of the Board of Directors of the Company is scheduled to be held on January 05, 2023 to consider and approve the same.
Hindprakash Industries is engaged in the manufacturing and trading of dyes, auxiliaries, intermediates and chemicals.
