Camson Bio Technologies surges on acquiring two export focused agro processing enterprises

Camson Bio Technologies is currently trading at Rs 68.90, up by 3.10 points or 4.71% from its previous closing of Rs 65.80 on the BSE. The scrip opened at Rs 67.00 and has touched a high and low of Rs 71.00 and Rs 67.00 respectively. So far 28468 shares were traded on the counter. The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs 79.40 on 27-Dec-2013 and a 52 week low of Rs 38.00 on 19-Aug-2013. Last one week high and low of the scrip stood at Rs 74.10 and Rs 62.30 respectively. The current market cap of the company is Rs 165.98 crore. The promoters holding in the company stood at 26.32% while Institutions and Non-Institutions held 21.49% and 52.20% respectively. Camson Bio Technologies has acquired two export focused agro processing enterprises with objective of forward integration. The company has also launched the first ever in the world Natural Water Soluble Fertilizer. The board of directors at its meeting held on May 28, 2014 has taken the note of it. The above is however subject to approval of the shareholders in the general meeting. Camson, incorporated in 1993 is India's first wholly integrated Agriculture Biotechnology, is based at Bangalore, garden city of India. It has developed many unique biocides for plant protection and hybrid seeds for improved productivity.