Kanoria Chemicals zooms on getting DSIR recognition for in-house R&D unit
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Kanoria Chemicals & Industries is currently trading at Rs. 157.50, up by 16.75 points or 11.90% from its previous closing of Rs. 140.75 on the BSE.
The scrip opened at Rs. 141.60 and has touched a high and low of Rs. 161.80 and Rs. 141.60 respectively. So far 43346 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 182.00 on 14-Jan-2022 and a 52 week low of Rs. 99.20 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 161.80 and Rs. 139.65 respectively. The current market cap of the company is Rs. 688.17 crore.
The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 0.16% and 25.42% respectively.
Kanoria Chemicals & Industries has been granted recognition from Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India for its in house R&D unit(s) at Bharuch, Gujarat.
The DSIR recognition will help the company to provide status of 'In-house R&D center'. Having a DSIR's in-house recognition is a matter of pride as it benchmarks and acknowledges company's R&D capabilities on a national and international level. The company's business will achieve newer heights with being able to offer niche products manufactured based on the in-house techniques.
Kanoria Chemicals & Industries (KCI) is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles.
