Indigo Paints rises on commencing commercial production at manufacturing facility in Tamil Nadu
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Indigo Paints is currently trading at Rs. 1538.20, up by 2.70 points or 0.18% from its previous closing of Rs. 1535.50 on the BSE.
The scrip opened at Rs. 1530.05 and has touched a high and low of Rs. 1550.20 and Rs. 1528.30 respectively. So far 6355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1700.00 on 08-Aug-2023 and a 52 week low of Rs. 981.05 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1603.50 and Rs. 1501.00 respectively. The current market cap of the company is Rs. 7307.36 crore.
The promoters holding in the company stood at 53.98%, while Institutions and Non-Institutions held 11.78% and 34.25% respectively.
Indigo Paints has commenced commercial production at its state-of-the-art, fully automated manufacturing facility at Pudukkottai, Tamil Nadu on September 18, 2023. The new manufacturing facility has the capacity to produce over 50,000 KL per annum of water-based paint products. The state of the art facility is expected to cater to the rising demand for the company's products.
Indigo Paints is one of the fastest-growing paint companies in India.
