Jubilant Ingrevia zooms after its arm inks pact to produce Agro Intermediate
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Jubilant Ingrevia is currently trading at Rs. 809.55, up by 34.35 points or 4.43% from its previous closing of Rs. 775.20 on the BSE.
The scrip opened at Rs. 751.05 and has touched a high and low of Rs. 836.95 and Rs. 751.05 respectively. So far 276881 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 836.95 on 03-Oct-2024 and a 52 week low of Rs. 407.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 836.95 and Rs. 725.85 respectively. The current market cap of the company is Rs. 12901.77 crore.
The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 20.62% and 27.90% respectively.
Jubilant Ingrevia’s wholly owned subsidiary -- Jubilant Agro Sciences (JASL) has entered into an agreement with a leading Agrochemical Company (Customer) to produce an Agro Intermediate for one of the key Agro actives of the Customer.
The overall consideration will paid based on the revenue of around $300 million plus from supplies of the Agro intermediate to the Customer, over a period of next few years after commencement of production.
Jubilant Ingrevia, a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers.
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