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17-May2018

Hindustan Adhesives shines on commencing production at its new plant in Kutch

Hindustan Adhesives is currently trading at Rs. 109.00, up by 7.00 points or 6.86% from its previous closing of Rs. 102.00 on the BSE.

The scrip opened at Rs. 103.60 and has touched a high and low of Rs. 118.90 and Rs. 89.20 respectively. So far 320 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 12-Feb-2018 and a 52 week low of Rs. 60.50 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 118.90 and Rs. 89.20 respectively. The current market cap of the company is Rs. 45.64 crore.

The promoters holding in the company stood at 68.48%, while Non-Institutions held at 31.52%.

Hindustan Adhesives has completed the expansion of its BOPP Packaging Tapes manufacturing capacity by way of setting up new plant with an installed capacity of 216 Million Square Meter per annum at Survey No. 380, village Bhadreswar, Taluka Mundra, District Kutch in state of Gujarat. The company has also commenced the production at said plant.

Hindustan Adhesives is engaged in manufacturing of self-adhesive tapes and polyolefin (POF) film. The company's adhesive tape products include self-adhesive tear tapes, carton tear tapes, tear tapes, packaging tapes, convenience tapes and security tapes.


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