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11-Feb2019

Alufluoride rises on getting nod to enter into MoU with JPMC

Alufluoride is currently trading at Rs. 85.50, up by 0.15 points or 0.18% from its previous closing of Rs. 85.35 on the BSE.

The scrip opened at Rs. 88.80 and has touched a high and low of Rs. 88.80 and Rs. 85.50 respectively.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.00 on 06-Sep-2018 and a 52 week low of Rs. 75.60 on 23-Jul-2018.

Last one week high and low of the scrip stood at Rs. 97.90 and Rs. 82.15 respectively. The current market cap of the company is Rs. 59.75 crore.

The promoters holding in the company stood at 53.60%, while Institutions and Non-Institutions held 1.43% and 44.97% respectively.

Alufluoride has received approval to enter into non-binding Memorandum of Undertakings (MoUs) with Jordan - Phosphate Mining Company (JPMC), Jordan for production and marketing of Aluminium Fluoride. The Board of Directors of the Company at its meeting held on February 09, 2019 has approved the same.

Alufluoride is engaged in producing Aluminium Fluoride. The company makes continuous efforts to conserve energy at various levels of operations, to save power, fuel oil and cost.


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