Kingfa Science opened at Rs.602.95, a gain of 3.2%, which was also its intraday high and it currently remains at this high level. Its market cap is at Rs.730 crore.
The stock price is up after the company stated that it plans to start commercial production in its new manufacturing facility in Pune from Sept. 2.
The company is engaged in the manufacturing of modified thermoplastics business. The firm operates through reinforced polypropylene segment.