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Heranba Industries shines on getting nod to incorporate Foreign Joint Venture Company in China
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Heranba Industries is currently trading at Rs. 477.45, up by 14.70 points or 3.18% from its previous closing of Rs. 462.75 on the BSE.
The scrip opened at Rs. 460.05 and has touched a high and low of Rs. 486.35 and Rs. 459.45 respectively. So far 3194 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 561.00 on 07-Nov-2024 and a 52 week low of Rs. 278.15 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 545.35 and Rs. 456.00 respectively. The current market cap of the company is Rs. 1910.44 crore.
The promoters holding in the company stood at 74.94%, while Institutions and Non-Institutions held 0.40% and 24.65% respectively.
Heranba Industries has received approval for the incorporation of a new Foreign Joint Venture Company (Foreign Joint Venture Company) in China. The JV Company once incorporated will be related party of the Company. The Board of the Directors of the Company at their meeting held on November 13, 2024 has approved the same.
Heranba Industries is engaged in manufacturing process which mainly includes chemical reactions of ammonolysis, esterification, hydrolysis, condensation, favorski reaction, isomerisation, cyanation, friedel crafts, methoxylation, cyclisation and halogenation.
