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Kanoria Chemicals gains on starting commercial production of Formaldehyde at Naidupet unit

Kanoria Chemicals & Industries is currently trading at Rs. 42.70, up by 0.25 points or 0.59% from its previous closing of Rs. 42.45 on the BSE.

The scrip opened at Rs. 42.05 and has touched a high and low of Rs. 43.80 and Rs. 40.20 respectively. So far 2468 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 78.45 on 10-Jan-2019 and a 52 week low of Rs. 36.65 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 47.00 and Rs. 40.20 respectively. The current market cap of the company is Rs. 183.51 crore.

The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 0.27% and 25.30% respectively.

Kanoria Chemicals & Industries has commenced commercial production of Formaldehyde at its Naidupet unit in District Nellore in the State of Andhra Pradesh.

Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.

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