Chembond Chemicals Ltd's arm closes Thane facility

Phiroze Sethna Private Limited - a wholly owned subsidiary of Chembond Chemicals Ltd has permanently closed the Thane manufacturing facility.

The revenue contributed by the unit during the last financial year was Rs. 7 crore and reason for the closure is poor financial viability.

Shares of Chembond Chemicals Ltd. was last trading in BSE at Rs. 216 as compared to the previous close of Rs. 228.25. The total number of shares traded during the day was 1356 in over 120 trades.

The stock hit an intraday high of Rs. 228.7 and intraday low of 214.75. The net turnover during the day was Rs. 305263.

Source : Equity Bulls

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