Ultramarine & Pigments rises on commissioning Specialty Chemical Project in Andhra Pradesh
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Ultramarine & Pigments is currently trading at Rs. 360.00, up by 5.15 points or 1.45% from its previous closing of Rs. 354.85 on the BSE.
The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 364.85 and Rs. 350.00 respectively. So far 34419 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 395.00 on 10-Jul-2023 and a 52 week low of Rs. 306.30 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 379.90 and Rs. 350.00 respectively. The current market cap of the company is Rs. 1051.20 crore.
The promoters holding in the company stood at 42.37%, while Institutions and Non-Institutions held 1.63% and 56.00% respectively.
Ultramarine & Pigments has successfully commissioned the Specialty Chemical Project set up at 60 &61, Andhra Pradesh Industrial Park, Naidupet, SPSR Nellore, Andhra Pradesh. The plant has a capacity of 1800 MT. The commercial production has commenced on July 27, 2023.
Ultramarine & Pigments, started in 1961, is one of the largest pigment and surfactant manufacturing company of Indian origin, having two factories in south India. It specializes in the manufacture of inorganic pigments and organic surfactants with international quality standard.
