Aarti Industries jumps on entering into joint venture agreement with UPL
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Aarti Industries is currently trading at Rs. 638.60, up by 11.20 points or 1.79% from its previous closing of Rs. 627.40 on the BSE.
The scrip opened at Rs. 636.00 and has touched a high and low of Rs. 655.90 and Rs. 636.00 respectively. So far 206938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 769.50 on 29-Apr-2024 and a 52 week low of Rs. 438.05 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 655.90 and Rs. 623.00 respectively. The current market cap of the company is Rs. 23231.07 crore.
The promoters holding in the company stood at 43.43%, while Institutions and Non-Institutions held 28.20% and 28.38% respectively.
Aarti Industries has entered into a Joint Venture agreement on May 23, 2024 with UPL for manufacturing and marketing of specialty chemical that has applications in multiple downstream industries.
The proposed Joint Venture between the Company and UPL is for sale and marketing of specialty chemicals having diverse downstream applications in agrochemical and paint industry. The arrangement will combine the strength of Aarti Industries and UPL supplying key raw materials for manufacturing of the specialty chemicals.
Aarti Industries is engaged in manufacturing and dealing in speciality chemicals and pharmaceuticals.
