Wednesday , November 20 2019
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Asahi Songwon Colors zooms on reporting 48% rise in Q2 net profit

Asahi Songwon Colors is currently trading at Rs. 150.90, up by 18.35 points or 13.84% from its previous closing of Rs. 132.55 on the BSE.

The scrip opened at Rs. 133.65 and has touched a high and low of Rs. 158.45 and Rs. 132.00 respectively. So far 4316 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 274.40 on 29-Oct-2018 and a 52 week low of Rs. 105.00 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 158.45 and Rs. 126.75 respectively. The current market cap of the company is Rs. 188.99 crore.

The promoters holding in the company stood at 65.81%, while Institutions and Non-Institutions held 0.39% and 33.81% respectively.

The company has reported 48.30% rise in its net profit at Rs 7.86 crore for second quarter ended September 30, 2019 as compared to Rs 5.30 crore for the same quarter in the previous year. However, total income of the company decreased by 12.44% at Rs 71.98 crore for Q2FY20 as compared Rs 82.21 crore for the corresponding quarter previous year.

Asahi Songwon Colors is engaged in the manufacture of pigment green 7. Their product range includes Pigment Green 7, CPC Blue Crude, Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1, & Pigment Beta Blue 15:3.