Kingfa Science gains after trial production kicks off in Pune unit

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Capital Market
Last Updated : Aug 27 2019 | 12:31 PM IST

Kingfa Science & Technology (India) rose 5.20% to Rs 605.10 on BSE after the company said it started trial production at its new factory located in Pune, India.

The announcement was made after market hours yesterday, 26 August 2019.

Shares of Kingfa Science & Technology (India) soared 10.02% in two trading sessions to its current market price of Rs 605.10, from a recent closing low of Rs 549.95 on 23 August 2019.

On BSE, 1,220 shares were traded in Kingfa Science & Technology (India) counter, compared to a 2-week average of 578 shares. The stock hit an intraday high of Rs 615.75 and an intraday low of Rs 599.40.

It hit a 52-week high of Rs 882 on 3 September 2018 and a 52-week low of Rs 540 on 23 August 2019.

Kingfa Science & Technology (India) is engaged in the manufacturing of modified thermoplastics business. The firm operates through reinforced polypropylene segment.

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First Published: Aug 27 2019 | 12:05 PM IST

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