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Aether Industries is currently trading at Rs. 884.00, up by 10.15 points or 1.16% from its previous closing of Rs. 873.85 on the BSE.

The scrip opened at Rs. 890.00 and has touched a high and low of Rs. 905.60 and Rs. 871.85 respectively. So far 1946 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 19-Sep-2022 and a 52 week low of Rs. 699.85 on 03-Jun-2022.

Last one week high and low of the scrip stood at Rs. 905.60 and Rs. 852.00 respectively. The current market cap of the company is Rs. 11006.75 crore.

The promoters holding in the company stood at 87.07%, while Institutions and Non-Institutions held 9.91% and 3.01% respectively.

Aether Industries has executed a long-term Supply and Sales Agreement on March 3, 2023 with Otsuka Chemical Company, Japan, along with Chori Company, Japan (being the Agent of Otsuka Chemical Company).

The Agreement is executed for supply and sale of specific existing specialty intermediates of Aether Industries to the Otsuka Chemical Co., Japan. The Agreement is for supply and sales by Aether Industries to Otsuka Chemical Co., Japan for a period of 10 years, which will be enhanced for further period (after 10 years) with mutual consent of both the parties to the Agreement.

At maturity, within 3 years, a combined quantity of 300 MT (of the products) per year will be supplied by Aether Industries to Otsuka Chemical Co., Japan, and hence the revenue potential for the said agreement would Rs 510 million per year in the Large-Scale Manufacturing business model. Aether Industries will be exclusive supplier to Otsuka Chemical Co., Japan for the products for which the Agreement is executed.

Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.