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Stock Report
Madhya Pradesh government cancels Khaitan Chemicals' license to market fertilizer product
Posted On : 2007-04-18 00:01:13( TIMEZONE : IST )
Khaitan Chemicals & Fertilizers Ltd has announced that Government of Madhya Pradesh has cancelled the Company's License for its one plant to market fertilizer product.
The Company is taking up the matter with the Hon'ble High Court of Madhya Pradesh and expect to get quash the cancellation.
It has not made any financial impact so far on the performance of the Company.
The stock was trading at Rs.51.10, up by Re.0.10 or 0.20%. The stock hit an intraday high of Rs.51.70 and low of Rs.50.75. The total traded quantity was 1160 compared to 2 week average of 1899.
