Why are Jubilant Ingrevia shares up over 4% today?
Shares of Jubilant Ingrevia rose by 4% following reports of a major explosion at a chemical plant operated by Shandong Youdao Chemical in China's Shandong province.
The blast, which reportedly killed at least five people and injured 19, occurred at the company's largest facility producing Chlorantraniliprole (CTPR), a key agricultural pesticide.
As per reports, the incident has caused a sharp supply disruption in the Chinese market, triggering a significant spike in Chlorantraniliprole prices across the country. This supply gap is expected to benefit Indian chemical producers, particularly Jubilant Ingrevia, known for their production of CTPR.
Jubilant Ingrevia shares opened at ₹680.00 and, at the time of writing, reached a high of ₹712.00 during the trading session, with a low of ₹680.00. The stock is currently trading below its 52-week high of ₹885.00 but well above its 52-week low of ₹462.30. As of 9:50 AM, the shares were trading 4.49% higher at Rs 708.60
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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