SH Kelkar smells good

SH Kelkar and Company, which had closed yesterday at Rs.150.95, opened today at Rs.160 and went on to hit an intraday high at Rs.170. Its 20% UC for the day is at Rs.181.10 and 52-week high at Rs.189.80.

The stock price rose on news that it has won an order in the home care segment from a large global MNC in the domestic FMCG  market.  No financial details – the size of the order was not disclosed.

The company said that it is the only Indian origin company to file patents in the field of Fragrance and Novel Aroma Molecules. These patented molecules along with SHK’s strong & well-known expertise in the Indian fragrance industry paved the way for this order win.

The company also updated that the financial impact due to temporarily suspended operations at its unit in Mahad on account of unprecedented rains was nominal.