Shares of this small-cap chemical company shine on setting up a new plant

Trending Company

by 5paisa Research Team Last Updated: Feb 25, 2023 - 01:39 pm 653 Views
Listen icon

Shares surged by more than 2.5% after the company announced the development. 

Setting up of new Plant

At the current production site at GIDC, Ankleshwar, Gujarat, Kanoria Chemicals & Industries is constructing a new Formaldehyde factory with a 300 TPD capacity. The newest Metal Oxide-based technology will be used in the planned formaldehyde facility. The region's and export markets' rising needs in several industries, including engineering wood, textiles, agrochemicals, pharmaceuticals, etc., will be met by this additional capacity with better technology.

Share price movement of Kanoria Chemicals and Industries Limited

Scrip opened today at Rs 127.95 and made its day high at Rs 134.75. The 52-week high of the stock is Rs 177, whereas the 52-week low was Rs 99.20. Promoters hold 74.39%, whereas institutional and non-institutional holdings are 0.19% and 25.41%, respectively. Presently, the market cap of the company is Rs 545 crore.

Company profile 

Leading Indian maker of chemical intermediates, Kanoria Chemicals & Industries is ISO 9001, ISO 14001, and OHSAS 18001 certified. The firm opened its Caustic Chlorine facility at Renukoot in the state of Uttar Pradesh in 1965. It has a 16,500 TPA Caustic Soda production capacity. KCI has two production facilities: one in the state of Gujarat which produces alcohol-based intermediates, and the other in the state of Uttar Pradesh which produces chlor-alkalis, chlorine derivatives, and water treatment chemicals.

Due to backward and forward integration, KCI, which runs two 25MW thermal power plants at Renukoot, has an advantage in terms of cost. The firm has a portfolio of more than twenty goods, with market leadership in six of them and sizeable market shares in the others.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Marinetrans India IPO lists 15.38% higher and hits upper circuit

Premium listing for Marinetrans India IPO, then upper circuit

Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.