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12-Jul2017

Ganesh Benzoplast gains on plan to develop LPG storage tanks at Goa facility

Ganesh Benzoplastp is currently trading at Rs. 66.80, up by 0.15 points or 0.23% from its previous closing of Rs. 66.65 on the BSE.

The scrip opened at Rs. 67.50 and has touched a high and low of Rs. 69.35 and Rs. 66.05 respectively. So far 1,79,000 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 1 has touched a 52 week high of Rs. 71.30 on 11-Jul-2017 and a 52 week low of Rs. 27.50 on 15-Jul-2016.

Last one week high and low of the scrip stood at Rs. 71.30 and Rs. 63.30 respectively. The current market cap of the company is Rs. 345.92 crore.

The promoters holding in the company stood at 45.28%, while Institutions and Non-Institutions held 1.94% and 52.78% respectively.

Ganesh Benzoplast's board has decided to actively pursue the development of LPG storage tanks at its Goa facility and has authorized the Directors to take the necessary steps in this regard.

The company's board also took note of the receipt of the certain environmental clearances and the interest expressed for storage facilities, by LPG suppliers and distributors, in respect of the company's Liquid Storage Terminal at Goa.

Ganesh Benzoplast is engaged in the manufacturing and exporting of drug intermediates, pharmaceutical intermediates, bulk drug intermediates, food preservatives, lubricants, API/bulk drug, etc.



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