More than 10 lakh shares of the company changed hands in mid-morning trade, with volume at about 16.73 times the stock’s 10-day average.
The company’s shares have risen nearly 14% since the start of the year, while falling more than 6% over the trailing 12-month period.
The polystyrene maker’s shares were at an almost 33% decline from their 52-week high of ₹979, while trading more than 58% away from their 52-week low of ₹462.30.
Monday’s rise in the share price came after the stock closed in the red in six of the last 10 trading sessions.
Latest shareholding data shows that as of June 2026, over 64.24% of the company’s shares were held by promoters, followed by 27.73% held by public shareholders. Domestic Institutional Investors held 4.23%, while the remaining 3.80% was held by foreign institutional investors.
The Mumbai-based company, which commenced operations in 1995, deals in the production of polystyrene and styrenic polymers.
Earlier this year in July, the company, which has a market capitalisation of ₹13,896.26 crore, had refrained from issuing a volume growth guidance for the financial year 2026-27 (FY27), citing uncertainty caused by the continuing conflict in West Asia, which had disrupted raw material prices, exports and demand.
The company’s Executive Director Rakesh Nayyar told CNBC-TV18 at the time that volatility in styrene prices and global supply chains had made it difficult to forecast demand, even as the company continued to monitor the market and supply to domestic demand.
The company had also announced then that it would move ahead with its ₹325 crore polystyrene capacity expansion project at its Amdoshi complex in Maharashtra, scheduled for completion by December 2028.
First Published: Aug 31, 2026 1:34 PM IST
