Southern Petrochemicals falls on temporarily shutting down plants
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Southern Petrochemical Industries Corporation is currently trading at Rs. 55.55, down by 4.00 points or -6.72% from its previous closing of Rs. 59.55 on the BSE.
The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 57.00 and Rs. 54.40 respectively. So far 81412 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.45 on 16-Jul-2021 and a 52 week low of Rs. 24.30 on 24-Feb-2021.
Last one week high and low of the scrip stood at Rs. 61.70 and Rs. 53.00 respectively. The current market cap of the company is Rs. 1125.11 crore.
The promoters holding in the company stood at 53.27%, while Institutions and Non-Institutions held 2.98% and 43.73% respectively.
Southern Petrochemicals Industries Corporation (SPIC) has temporarily shut down its plants from February 22, 2022 to carry out activities to improve performance efficiencies and for regular annual shut down maintenance activities. The company is planning to resume the operations during first week of April 2022.
SPIC since its founding has been providing product and services that feed, nourish, and protect the agriculture and rural ecosystem. The company is now a well-diversified one with area of businesses spreading from fertilizers to pharma.
