Ultramarine & Pigments rises on starting commercial production of Pigments project-phase 2 in Andhra Pradesh
Ultramarine & Pigments is currently trading at Rs. 430.50, up by 1.65 points or 0.38% from its previous closing of Rs. 428.85 on the BSE.
The scrip opened at Rs. 426.00 and has touched a high and low of Rs. 432.95 and Rs. 423.15 respectively. So far 23323 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 438.00 on 29-Aug-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. 438.00 and Rs. 398.70 respectively. The current market cap of the company is Rs. 1257.06 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 through its wholly-owned subsidiary viz, Ultramarine Specialty Chemicals has successfully commissioned Pigments project-phase 2 at SPSR Nellore, Andhra Pradesh. The commercial production of the plant has commenced on August 31, 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.
