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Bodal Chemicals rises on incorporating subsidiary

Bodal Chemicals is currently trading at Rs. 85.55, up by 0.45 points or 0.53% from its previous closing of Rs. 85.10 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 87.00 and Rs. 85.10 respectively. So far 15091 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 139.25 on 05-Oct-2018 and a 52 week low of Rs. 63.00 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 87.00 and Rs. 74.20 respectively. The current market cap of the company is Rs. 1045.92 crore.

The promoters holding in the company stood at 58.26%, while Institutions and Non-Institutions held 12.10% and 29.65% respectively.

Bodal Chemicals has incorporated Subsidiary Company namely ‘Badal Bangla’ in in Dhaka, Bangladesh. Badal Bangla has been incorporated on September 22, 2019.

Bodal Chemicals is an Integrated and Innovative company, offering end-to-end solution to its customers globally. The company is among world’s largest manufacturer and exporter of Dyes Intermediate, Dyestuff and Sulphuric Acid, with vertically and horizontally integrated who provides product solutions and service solution on fastest possible route to their customers.

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