Archit Organosys surges on incorporating subsidiary company
Archit Organosys is currently trading at Rs. 55.40, up by 1.42 points or 2.63% from its previous closing of Rs. 53.98 on the BSE.
The scrip opened at Rs. 54.99 and has touched a high and low of Rs. 55.50 and Rs. 54.16 respectively. So far 17725 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.95 on 10-Jan-2023 and a 52 week low of Rs. 47.26 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 59.00 and Rs. 52.00 respectively. The current market cap of the company is Rs. 113.89 crore.
The promoters holding in the company stood at 62.37%, while Non-Institutions held 37.63% stake in the company.
Archit Organosys has incorporated a subsidiary namely, in the name and style of ‘Novel and Nano Xtreme Solutions LLP’ on December 21, 2023, for manufacturing and sale of various materials using NANO Technology and Graphene in which Company’s contribution will be Rs 5.01 lakh and total contribution of LLP will be Rs 10 lakh.
Archit Organosys is on the forefront in the Indian Chemical Industry, producing a variety of Organic Chemicals, Pigments, Specialty Derivatives, Cosmetic Products, Adhesives & Sealants.