Vishnu Chemicals shines as its arm incorporates subsidiary in Dubai
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Vishnu Chemicals is currently trading at Rs. 331.15, up by 4.05 points or 1.24% from its previous closing of Rs. 327.10 on the BSE.
The scrip opened at Rs. 328.90 and has touched a high and low of Rs. 331.05 and Rs. 328.60 respectively. So far 313 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 417.35 on 31-Oct-2022 and a 52 week low of Rs. 245.05 on 06-Mar-2023.
Last one week high and low of the scrip stood at Rs. 339.40 and Rs. 322.05 respectively. The current market cap of the company is Rs. 2160.10 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.46% and 24.54% respectively.
Vishnu Chemicals’ wholly owned subsidiary -- Vishnu Barium has incorporated a new subsidiary in Dubai namely VCHEM Trading FZE. The main objective of the new subsidiary is to distribute, transmit and sell chemicals.
Vishnu Chemicals pioneered manufacturing chrome chemicals like sodium dichromate, potassium dichromate, basic chromium sulphate and yellow sodium sulphate at its plants in Medak District in Andhra Pradesh and Bhilai in Chattisgarh.
