Oriental Aromatics shines after its arm gets environmental clearance for Greenfield project in Maharashtra
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Oriental Aromatics is currently trading at Rs. 560.70, up by 34.55 points or 6.57% from its previous closing of Rs. 526.15 on the BSE.
The scrip opened at Rs. 521.00 and has touched a high and low of Rs. 589.00 and Rs. 521.00 respectively. So far 2745 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1148.00 on 24-Sep-2021 and a 52 week low of Rs. 502.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 589.00 and Rs. 521.00 respectively. The current market cap of the company is Rs. 1933.73 crore.
The promoters holding in the company stood at 74.17%, while Institutions and Non-Institutions held 0.75% and 25.09% respectively.
Oriental Aromatics’ subsidiary -- Oriental Aromatics & Sons has received environmental clearance from State Environment Impact Assessment Authority (SEIAA), Ministry of Environment, Forest and Climate Change, Government of India, vide its letter dated June 09, 2022, The environmental clearance is for proposed greenfield project for manufacturing of speciality chemicals & chemical intermediates, at additional MIDC Mahad, Maharashtra.
Oriental Aromatics engaged in the manufacturing and sale of Fine chemicals i.e. camphor, perfumery & specialty aroma chemicals, fragrances and flavour in India.
