Fine Organic Industries gains as its arm acquires 159.92 acres land in United States
Fine Organic Industries is currently trading at Rs. 5166.65, up by 94.85 points or 1.87% from its previous closing of Rs. 5071.80 on the BSE.
The scrip opened at Rs. 5007.05 and has touched a high and low of Rs. 5229.00 and Rs. 5007.05 respectively. So far 1683 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5950.00 on 30-Jul-2024 and a 52 week low of Rs. 3355.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 5341.00 and Rs. 5007.05 respectively. The current market cap of the company is Rs. 15920.81 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.70% and 8.31% respectively.
Fine Organic Industries’ wholly owned subsidiary -- Fine Organics Americas LLC has acquired a plot of land admeasuring around 159.92 acres located in Jonesville, Union County, South Carolina, United States. This development plays a key role in company’s global expansion strategy.
The proposed site will house a full-fledged manufacturing facility, enabling the company to enhance its presence in the North, Central and South America markets. This strategic move will help the company better serve its existing customers, capture new growth opportunities and reinforce its long-term commitment to the region. The company has initiated the planning and development for the proposed facility.
Fine Organic Industries produces a wide range of specialty plant derived oleochemical -based additives used in food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries.
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