Valiant Organics inches up on incorporating wholly owned subsidiary

Valiant Organics is currently trading at Rs. 532.80, up by 0.90 points or 0.17% from its previous closing of Rs. 531.90 on the BSE.

Valiant Organics
Valiant Organics

The scrip opened at Rs. 529.55 and has touched a high and low of Rs. 535.40 and Rs. 529.05 respectively. So far 1129 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1674.50 on 12-Oct-2021 and a 52 week low of Rs. 504.50 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 604.00 and Rs. 505.00 respectively. The current market cap of the company is Rs. 1444.29 crore.

The promoters holding in the company stood at 39.00%, while Institutions and Non-Institutions held 3.65% and 57.35% respectively.

Valiant Organics has incorporated wholly owned subsidiary Company namely ‘Valiant Advanced Sciences’ of company’s Step-Down Subsidiary Company- Valiant Laboratories.

The incorporation is to carry on the business of manufacturing, producing, processing, sale and distribution of chemicals, chemical intermediates (organic and inorganic), dyes, pigments, agro intermediaries, and chemical byproducts, joint products, and intermediates thereof, food addictive used in chemical, including carrying out research in relation to such chemical.

Valiant Organics is a chemical manufacturing company with focus on manufacturing and marketing of different types of chlorophenol which is a chemical which has several applications mainly into agro-chemical industry, pharmaceutical industry, dyes industry, manufacturing of cosmetics and veterinary drugs.

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