Aether Industries is currently trading at Rs. 893.80, up by 20.95 points or 2.40% from its previous closing of Rs. 872.85 on the BSE.
The scrip opened at Rs. 862.25 and has touched a high and low of Rs. 905.35 and Rs. 861.75 respectively. So far 7697 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 19-Sep-2022 and a 52 week low of Rs. 699.85 on 03-Jun-2022.
Last one week high and low of the scrip stood at Rs. 905.35 and Rs. 861.70 respectively. The current market cap of the company is Rs. 11143.71 crore.
The promoters holding in the company stood at 87.07%, while Institutions and Non-Institutions held 9.91% and 3.01% respectively.
Aether Industries has acquired and taken possession of New Industrial premises, located at GIDC Industrial Estate, Sachin, Surat, Gujarat. The site is adjacent to the recently commercialized Greenfield Manufacturing Site - 3. The said site will be termed as Manufacturing Site - 3+, as the company will merge the same with Manufacturing Site - 3 for various regulatory approvals. Trial runs for Site - 3 have commenced and commercial production timeline which has been stated for month end will not be affected. The total cost for Site - 3+ will be Rs 60 crore to Rs 70 crore and this will be funded by internal accruals and funding from banks.
The company will manufacture 3 new products (specialty chemicals and intermediates), at this Manufacturing Site - 3+. These three products are developed in company’s in-house R&D Centre. These products will be manufactured for the first time in India, like most of its products.
Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
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