Manali Petrochemicals falls on getting word from CPCB to forestall operations of Plant 1

Manali Petrochemicals falls on getting word from CPCB to forestall operations of Plant 1

by admin- Wednesday, December 26th, 2018 04:19:58 PM

Manali Petrochemicals is presently trading at Rs. 32.20, down with the aid of 0.35 factors or 1.08% from its previous ultimate of Rs. 32.55 at the BSE.

The scrip opened at Rs. 33.00 and has touched a excessive and coffee of Rs. 33.45 and Rs. 31.80 respectively. So far 59489 shares had been traded on the counter.

The BSE institution ‘B’ stock of face fee Rs. 5 has touched a fifty two week excessive of Rs. 55.Seventy five on eleven-Jun-2018 and a 52 week low of Rs. 29.75 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 34.Forty and Rs. 31.Eighty respectively. The cutting-edge market cap of the company is Rs. 553.Eighty four crore.

The promoters holding within the employer stood at forty four.Eighty two%, while Institutions and Non-Institutions held 2.21% and 52.Ninety seven% respectively.

Manali Petrochemicals has acquired a be aware from the Central Pollution Control Board (CPCB) under Section five of the Environment Protection Act, 1985 looking for to forestall operations of Plant 1 bringing up sure shortcomings. The corporation is addressing the issues and also has taken important moves for suspension/revocation of the order. Pending outcome of those moves, the operations of the Plant 1 were stopped in compliance with the stated word. But, the operations of Plant 2 remain unaffected.

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