DCW surges on completing line-balancing capex of Synthetic Iron Oxide Pigments
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DCW is currently trading at Rs. 53.29, up by 1.59 points or 3.08% from its previous closing of Rs. 51.70 on the BSE.
The scrip opened at Rs. 51.71 and has touched a high and low of Rs. 53.87 and Rs. 51.55 respectively. So far 113033 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 72.40 on 05-Feb-2024 and a 52 week low of Rs. 42.14 on 20-Jun-2023.
Last one week high and low of the scrip stood at Rs. 54.25 and Rs. 51.55 respectively. The current market cap of the company is Rs. 1578.19 crore.
The promoters holding in the company stood at 44.08%, while Institutions and Non-Institutions held 7.28% and 48.65% respectively.
DCW has successfully completed the line-balancing capex, thereby increasing the annual capacity of its Synthetic Iron Oxide Pigments Division from 18000 Tons to 30000 Tons. The company expects to ramp up the production in a phased manner and gradually increase its sales volume.
DCW is a diversified manufacturer of basic chemicals, such as: Caustic Soda, Liquid Chlorine and Chlorine based products.
