Chemplast Sanmar gains on starting commercial production at Berigai chemicals division
Chemplast Sanmar is currently trading at Rs. 510.25, up by 3.85 points or 0.76% from its previous closing of Rs. 506.40 on the BSE.
The scrip opened at Rs. 508.40 and has touched a high and low of Rs. 515.10 and Rs. 505.05 respectively. So far 3340 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 633.00 on 14-Jun-2024 and a 52 week low of Rs. 413.75 on 13-Feb-2024.
Last one week high and low of the scrip stood at Rs. 515.10 and Rs. 491.15 respectively. The current market cap of the company is Rs. 8069.12 crore.
The promoters holding in the company stood at 54.99%, while Institutions and Non-Institutions held 39.16% and 5.85% respectively.
Chemplast Sanmar has commenced commercial production from Phase II of Multi-Purpose Production Block at the Custom Manufactured Chemicals Division, Berigai. The company has commenced commercial production on December 19, 2024.
Earlier, the company had commenced commercial production from the new Paste PVC facility set up at SIPCOT Industrial Complex, Semmankuppam Village, Cuddalore
Chemplast Sanmar is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors.
