Meghmani Organics jumps on signing agreement for supply of specific agrochemical products

Meghmani Organics is currently trading at Rs. 118.60, up by 3.15 points or 2.73% from its previous closing of Rs. 115.45 on the BSE.

Meghmani Organics
Meghmani Organics

The scrip opened at Rs. 114.10 and has touched a high and low of Rs. 119.80 and Rs. 113.10 respectively. So far 134477 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 152.50 on 04-May-2022 and a 52 week low of Rs. 80.75 on 24-Nov-2021.

Last one week high and low of the scrip stood at Rs. 119.80 and Rs. 113.10 respectively. The current market cap of the company is Rs. 2999.64 crore.

The promoters holding in the company stood at 49.37%, while Institutions and Non-Institutions held 1.77% and 48.87% respectively.

Meghmani Organics has signed a supply agreement with one of the leading Global Agrochemical Company for supply of specific agrochemical products for a period of 5 years. Total Agreement value is approximately $100 million.

Meghmani Organics is into the manufacture of Pigments and Agrochemicals in India and have a focus on delivering quality products backed by Research and Development efforts.

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