Shree Pushkar Chemicals surges on starting commercial production at Ratnagiri plant
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Shree Pushkar Chemicals & Fertilisers is currently trading at Rs. 276.00, up by 23.55 points or 9.33% from its previous closing of Rs. 252.45 on the BSE.
The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 278.90 and Rs. 260.00 respectively. So far 24652 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 323.90 on 18-Apr-2022 and a 52 week low of Rs. 193.00 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 278.90 and Rs. 230.00 respectively. The current market cap of the company is Rs. 865.76 crore.
The promoters holding in the company stood at 68.42%, while Institutions and Non-Institutions held 2.56% and 29.03% respectively.
Shree Pushkar Chemicals & Fertilisers has commenced commercial production of one of its plant with respect to Unit V, Lote Parshuram, Dist. Ratnagiri, Maharashtra, after obtaining all the necessary approvals.
With respect the pending approval from Petroleum & Explosives Safety Organisation (PESO) for its Unit V the provisional approval which was received on August 08, 2022 is now renewed up to November 07, 2022 and the necessary post provisional approval inspection compliances and formalities are now completed. As all the necessary approvals are now obtained, the company has commenced commercial production.
Shree Pushkar Chemicals & Fertilisers is amongst India’s large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles.
