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Chemcon Speciality Chemicals stock gains after Plutus Wealth Management acquires 10 lakh shares

According to data available on NSE, Plutus Wealth Management LLP bought 10,00,000 shares of the company at an average price of Rs 428.52 in a bulk deal on NSE.

December 31, 2020 / 11:43 AM IST
Company: Chemcon Speciality Chemicals | Day 1 subscription: 5.18 times | Total subscription: 149.3 times | Issue size: Rs 318 croreChemcon Special | Plutus Wealth Management LLP bought 10,00,000 shares of the company at an average price of Rs 428.52 in a bulk deal on NSE.

Company: Chemcon Speciality Chemicals | Day 1 subscription: 5.18 times | Total subscription: 149.3 times | Issue size: Rs 318 croreChemcon Special | Plutus Wealth Management LLP bought 10,00,000 shares of the company at an average price of Rs 428.52 in a bulk deal on NSE.

 
 
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Chemcon Speciality Chemicals share price gained over 3 percent after Plutus Wealth Management LLP bought 10,00,000 shares of the company.

According to data available on NSE, Plutus Wealth Management LLP bought 10,00,000 shares of the company at an average price of Rs 428.52 in a bulk deal on NSE.

The stock was trading at Rs 451.35, up Rs 15.55, or 3.57 percent at 10:58 hours. It has touched an intraday high of Rs 458.65 and an intraday low of Rs 448.20.

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According to Moneycontrol SWOT Analysis powered by Trendlyne, the company has low debt with zero promoter pledge. It witnessed growth in quarterly net profit with increasing profit margin (YoY).

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Moneycontrol technical rating is bullish with moving averages and technical indicators being bullish.

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Moneycontrol News
first published: Dec 31, 2020 11:43 am

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