Ultramarine & Pigments gains on acquiring industrial plots for future expansion in Tamil Nadu
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Ultramarine & Pigments is currently trading at Rs. 562.75, up by 2.90 points or 0.52% from its previous closing of Rs. 559.85 on the BSE.
The scrip opened at Rs. 566.90 and has touched a high and low of Rs. 569.00 and Rs. 536.05 respectively. So far 14401 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 577.95 on 12-Dec-2024 and a 52 week low of Rs. 328.20 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 577.95 and Rs. 525.00 respectively. The current market cap of the company is Rs. 1657.83 crore.
The promoters holding in the company stood at 40.86%, while Institutions and Non-Institutions held 1.54% and 57.60% respectively.
Ultramarine & Pigments has acquired industrial plots admeasuring 32.72 acres from State Industries Promotion Corporation of Tamil Nadu (SIPCOT) for its future expansion and new projects at SIPCOT Industrial Park, Manapparai, Tiruchirappalli, Tamil Nadu. The Company has made necessary payments to SIPCOT. A Lease deed to this effect has been entered between SIPCOT and the Company for 99 years on December 12, 2024.
Ultramarine & Pigments is engaged in manufacturing and selling of Pigments, Surfactants, IT-Enabled Services, and Business Process Outsourcing (BPO) activities.
