Insilco India re-opens its plant

Insilco India which had closed its operations from December 19 has finally opened its plant once again.

Jan 05, 2017 06:01 IST India Infoline News Service

Insilco India which had closed its operations from December 19 has finally opened its plant once again.

The company had closed the operations due to high inventory cost and low sales volumes which it witnessed during cash crunch.

Insilco Ltd is currently trading at Rs 26.8, up by Rs 0.3 or 1.13% from its previous closing of Rs 26.5 on the BSE.

Even though company remained operational off for the last 14-15 days, the stock of are however telling a different story.

In the last one year, the stock have given a return of 14.35%, which is better than some blue chip stock.

The stock has outperformed the small cap index however has underperformed the BSE Metal index which had a dream last year.

In 2016, the metal index has surged by 40.52%.
Insilco in the last three year have given a return of 33%.On a half yearly basis ended Sept 2016, the stock has given a EPS of Rs 0.31.

Insilco Ltd is currently trading at Rs 26.75, up by Rs 0.25 or 0.94% from its previous closing of Rs 26.5 on the BSE.
The scrip opened at Rs 27.65 and has touched a high and low of Rs 27.65 and Rs 26.5 respectively. So far 2789(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 166.21 crore.
The BSE group 'XT' stock of face value Rs 10 has touched a 52 week high of Rs 33.65 on 04-Nov-2016 and a 52 week low of Rs 15.5 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 28.65 and Rs 23.75 respectively.
The promoters holding in the company stood at 73.11 % while Institutions and Non-Institutions held 0.06 % and 26.83 % respectively.
The stock is currently trading above its 50 DMA.

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