Kanoria Chemicals & Industries advanced 4.80% to Rs 126.75 after the company announced its plans to set up a new Formaldehyde plant with 300 TPD capacity at the existing manufacturing facility at GIDC, Ankleshwar, Gujarat.

Kanoria Chemicals jumps on plans to set up new 300 TPD capacity Formaldehyde plant

The plant will be set up at the existing facility at GIDC, Ankleshwar in Gujarat and will come with the latest metal oxide-based technology, the company has said.

Kanoria Chemicals shares up 5% on new plant announcement

Bharat Forge: The ‘Investment Committee - Defence Business’ of the company at its meeting has approved the transfer of the company’s stake in Aeron Systems Private Limited (Aeron) to Kalyani Strategic Systems Limited, a wholly-owned subsidiary of

Bharat Forge, Alkem Laboratories, Kanoria Chemicals in focus

The upcoming Formaldehyde plant will be with latest Metal Oxide based technology. This new capacity with superior technology will cater to growing demand in various sectors such as Engineering wood,Textile, Agrochemicals, Pharmaceuticals, etc. in

Kanoria Chemicals to set up new Formaldehyde plant at Ankleshwar

Kanoria Chemicals & Industries was locked in an upper circuit of 20% at Rs 150.40 after the company announced that the commercial production of the resin plant at Ankleshwar, Gujarat will commence from 1 January 2023.

Kanoria Chemicals hits the roof on commercial production of resin plant

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Kanoria Chemicals & Industries consolidated net profit rises 67.41% in the June 2022 quarter

Kanoria Chemicals & Industries Ltd, Oswal Agro Mills Ltd, Artemis Medicare Services Ltd and Raw Edge Industrial Solutions Ltd are among the other gainers in the BSE’s ‘B’ group today, 19 May 2022.

Ucal Fuel Systems Ltd leads gainers in ‘B’ group

Kanoria Chemicals & Industries reports standalone net profit of Rs 3.53 crore in the June 2021 quarter

Kanoria Chemicals & Industries reports consolidated net profit of Rs 4.94 crore in the June 2021 quarter

Kanoria Chemicals & Industries reports consolidated net profit of Rs 19.93 crore in the March 2021 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kanoria Chemicals & Industries Limited manufactures products, such as formaldehyde, pentaerithritol and hexamine. The Company's segments include Alco Chemicals, Solar Power, Electronic Automotive and Textile.