Anupam Rasayan climbs on signing LoI worth Rs 2,186 crore
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Anupam Rasayan India is currently trading at Rs. 1114.30, up by 28.25 points or 2.60% from its previous closing of Rs. 1086.05 on the BSE.
The scrip opened at Rs. 1129.75 and has touched a high and low of Rs. 1150.00 and Rs. 1107.80 respectively. So far 24999 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1249.75 on 29-May-2023 and a 52 week low of Rs. 547.10 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1150.00 and Rs. 1061.15 respectively. The current market cap of the company is Rs. 11679.26 crore.
The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 13.50% and 25.69% respectively.
Anupam Rasayan has signed Letter of Intent (LoI) worth revenue of $265 Million (Rs 2,186 crore) for next 5 years with one of the leading Japanese Speciality Chemical company to supply new age patented life science active ingredient. The product will be in validation phase for the next eighteen months and upon the successful validation, the supply will commence from CY2025. This product will be manufactured in our existing multipurpose manufacturing facilities.
Anupam Rasayan India (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in c
