Shares of this small-cap chemical company jumped by more than 4% today
The company is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing speciality chemicals in India.
About New Product
Anupam Rasayan and one of the top American multinational corporations have signed a Letter of Intent (LoI) for Anupam to supply new-age speciality chemical advanced intermediate over the next five years for USD 46 million (Rs 380 crore). The company's forthcoming multipurpose manufacturing facilities will produce this item.
Share Price Movement of Anupam Rasayan India Ltd.
The scrip opened on Tuesday at Rs 1,078.95 and touched a high and low of Rs 1,131 and Rs 1,072.50, respectively. Shares touched their 52-week high today. Its 52-week high stood at Rs 1,131, whereas its 52-week low was Rs 547.10. The current market cap of the company is Rs 12,055.92 crore. Promoters hold 60.80%, whereas the Institutional and non-institutional holdings are 13.50% and 25.68%, respectively.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of speciality chemicals in India. It began operations as a partnership firm in 1984 as a producer of conventional goods and over the years developed into custom synthesis and manufacturing of speciality chemicals related to life sciences and other speciality chemicals, involving multi-step synthesis and complex technologies, for a broad base of Indian and international customers. Creating in-house creative processes for producing products requiring complex chemistries and achieving cost optimisation are the main focuses of its custom synthesis and manufacturing operations.
The business is divided into two distinct business verticals: (i) life science-related speciality chemicals, which include agrochemicals, personal care, and pharmaceutical products; and (ii) other speciality chemicals, which include specialised pigments and dyes as well as polymer additives.
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