20 Microns' stock price climbed to Rs. 218.65, marking an increase of 9.25 points or 4.42% from its previous close of Rs. 209.40 on the BSE.

The stock opened at Rs. 209.40, reaching a high of Rs. 233.55 and a low of Rs. 201.90 during the trading session, with 93,305 shares exchanged.

Listed under the BSE group 'B' with a face value of Rs. 5, the stock previously hit a 52-week high of Rs. 236.10 on July 9, 2024, and a 52-week low of Rs. 99.10 on July 20, 2023. In the past week, the stock has ranged between Rs. 233.55 and Rs. 201.90. The company's market cap currently stands at Rs. 774.36 crore.

Promoters hold 44.95% of the company, with institutions and non-institutions holding 0.84% and 54.21% respectively.

The rise follows the announcement that 20 Microns' subsidiary, 20 Microns SDN BHD in Malaysia, has signed agreements to acquire 100% of the equity shares of Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD for a total value not exceeding RM 15,100,000 (approximately Rs. 27 crore). Upon completion of the acquisition, these entities will become step-down subsidiaries of 20 Microns.

The acquired companies are involved in the extraction and processing of high-purity limestone, aligning with 20 Microns' business. This acquisition provides 20 Microns access to high-quality limestone reserves in Malaysia, which are becoming scarce, thereby supporting the company's expansion efforts.

20 Microns specializes in the production of industrial micronized minerals and specialty chemicals.