Kothari Industrial Corporation hits upper circuit on getting nod to form subsidiary company in Qatar
Kothari Industrial Corporation is currently trading at upper limit of Rs. 71.04, up by 1.39 points or 2.00% from its previous closing of Rs. 69.65 on the BSE.
The scrip opened at Rs. 71.04 and has touched a high and low of Rs. 71.04 and Rs. 71.04 respectively. So far 1380 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 5 has touched a 52 week high of Rs. 71.04 on 12-Dec-2024 and a 52 week low of Rs. 1.80 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 71.04 and Rs. 65.65 respectively. The current market cap of the company is Rs. 348.88 crore.
The promoters holding in the company stood at 53.38%, while Institutions and Non-Institutions held 5.99% and 40.63% respectively.
Kothari Industrial Corporation has received approval for the formation of a subsidiary of the company in Qatar, which gives better business growth opportunities and promotes business globally. The company will invest 70% and FALAH JASSIM J.M.AL-THANI will invest 30% stakes in the proposed company.
The Board of Directors of the company, in its meeting held on December 11, 2024, has approved the same.
Kothari Industrial Corporation has established in 1917 as a manufacturer and exporter of Herbal Hand Wash, Hand Senitizer, Organic Fertilizer and Many More.
