LIVE MARKET TRACKER :   BSE SENSEX   26552.45      |    NSE NIFTY 7906.15    
GLOBAL MARKETS :  NASDAQ 4316.075   +1.35%    |    FSI London 6267.07   -0.68%    |    NIKKEI Japan 15001.97   -0.72%
  USD GBP EUR CAD AUD INR
USD - 0.6184 0.7809 1.1282 1.1353 61.27
GBP 1.6173 - 1.2629 1.8247 1.8362 99.0914
EUR 1.2808 0.7921 - 1.4451 1.4542 78.4777
CAD 0.8864 0.5482 0.6922 - 1.0064 54.3102
AUD 0.8808 0.5447 0.6878 0.9937 - 53.9666
INR 0.0163 0.0101 0.0127 0.0184 0.0185 -
Indian-Commodity  :  Equity & Shares  :  Astral Poly trades higher on the BSE

Astral Poly trades higher on the BSE (19-Nov-2012)

Astral Poly is currently trading at Rs. 365.00, up by 2.10 points or 0.58% from its previous closing of Rs. 362.90 on the BSE.

The scrip opened at Rs. 360.05 and has touched a high and low of Rs. 369.20 and Rs. 360.05 respectively. So far 2850 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 418.00 on 08-Nov-2012 and a 52 week low of Rs. 124.00 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 383.95 and Rs. 358.20 respectively. The current market cap of the company is Rs. 820.38 crore.

The promoters holding in the company stood at 63.82% while Institutions and Non-Institutions held 8.46% and 27.72% respectively.

The ambitious $245-million chlorinated polyvinyl chloride (CPVC) unit, proposed to be set up through a joint venture between billionaire investor Warren Buffet's firm -  Lubrizol Corporation and Ahmedabad-based Astral Poly Technik, has hit a legal hurdle, as mentioned in a report. The project is no longer feasible due to legal complexities associated with transportation of liquid chlorine, a key raw material for CPVC project.

Indian laws do not permit transportation of liquid chlorine through pipelines. Since, the company was planning to source liquid chlorine from nearby suppliers at Dahej through pipeline, the project turned unviable considering the legal barrier. However, there is little chance that the project can still take shape provided an additional investment for installing a chlorine gasification plant at the supplier end and then liquefying the gas at own premises is made.

Astral Poly Technik manufactures plumbing systems for residential and industrial applications. Astral is equipped with state of art production facilities at Ahmadabad and Himachal Pradesh to manufacture plumbing systems from 1/2” to 6” with all kinds of necessary fittings.

 


Top News Today
RBI governor hopes the economy to grow by 5.5% this year
(17-Oct-2014)

RBI governor hopes the economy to grow by 5.5% this yearReserve Bank of India (RBI) governor Raghuram Rajan has expressed hopes on the Indian growth story and has said that the country is seeing a pick-up in economic growth and more can be done to support it......click on news to read complete article.

Tata Steel, UltraTech and NTPC to see some action today
(16-Oct-2014)

Tata Steel, UltraTech and NTPC to see some action todayTata Steel has signed a memorandum of understanding with the Geneva-based Klesch group for the potential sale of its long products business in Europe and associated distribution activities. The division......click on news to read complete article.

September CPI eases to an all time low level of 6.46%
(14-Oct-2014)

September CPI eases to an all time low level of 6.46%In an extremely encouraging development, India's consumer price inflation eased at an all time low level since the launch of the new series of Consumer Price Index in 2012, at 6.46% in September as compared......click on news to read complete article.

International Stock News
US markets closed higher; Dow snaps 6-day losing streak
(18-Oct-2014)

US markets closed higher; Dow snaps 6-day losing streakThe US markets closed higher on Friday, with Dow snapping 6-day losing streak, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will......click on news to read complete article.

US markets closed mostly higher; Dow ends in red
(17-Oct-2014)

US markets closed mostly higher; Dow ends in redThe US markets closed mostly higher on Thursday, recovering from early losses though Dow ended in red. The gains were induced with Bullard statement that the Federal Reserve should consider extending its......click on news to read complete article.

US markets closed lower on weak economic data
(16-Oct-2014)

US markets closed lower on weak economic dataThe US markets closed lower on Wednesday, on account of weak economic data, stocks however recovered from their lowest level of the day before the close. On the economy front, sales at US retailers fell......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.