Sukhjit Starch & Chemicals rise by 6% after mega food park approval

The company’s stock surged by 6.02% to Rs 349.80 at 13:03 pm IST on BSE after the company announced that most of the approvals from the concerned authorities for setting up the mega food park in Punjab have been received as per BSE filing.

Apr 12, 2017 08:04 IST India Infoline News Service

The Sukhjit Starch and Chemical Limited’s stock surged by 6.02% to Rs 349.80 at 13:03 pm IST on BSE after the company announced that most of the approvals from the concerned authorities for setting up the mega food park in Punjab have been received as per BSE filing.
 
The announcement was made after market hours on 11 April 2017. In the meantime, the S&P BSE Sensex was down 80.17 points, or 0.27% to 29,708.18.
 
On the BSE, the stock had hit a high of Rs 360.05 and a low of Rs 341.95 so far during the day. The stock hit a 52-week high of Rs 405 on 3 April 2016 & a 52-week low of Rs 231.10 on 6 June 2016.
 
The Company manufactures modified starch, dextrine, liquid glucose, HMS, maltro-dextrin, mono-hydrate dextrose, any-hydrose dextrose, sorbitol-70% solution and various by-products.
 
Stock View:
 
Sukhjit Starch & Chemicals Ltd is currently trading at Rs 347.1, up by Rs 17.15 or 5.2% from its previous closing of Rs 329.95 on the BSE.
 
The scrip opened at Rs 348 and has touched a high and low of Rs 360.05 and Rs 341.95 respectively. So far 17833(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 243.5 crore.
 
The BSE group 'XC' stock of face value Rs 10 has touched a 52 week high of Rs 405 on 03-Nov-2016 and a 52 week low of Rs 231.1 on 06-Jun-2016. Last one week high and low of the scrip stood at Rs 331 and Rs 296.05 respectively.
 
The promoters holding in the company stood at 60.95 % while Institutions and Non-Institutions held 0.1 % and 38.95 % respectively.
 
The stock is currently trading above its 200 DMA.

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