Anupam Rasayan surges on renewing long term contract worth $53 million
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Anupam Rasayan India is currently trading at Rs. 1138.00, up by 5.90 points or 0.52% from its previous closing of Rs. 1132.10 on the BSE.
The scrip opened at Rs. 1109.05 and has touched a high and low of Rs. 1147.50 and Rs. 1109.05 respectively. So far 6382 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1224.20 on 03-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. 1224.20 and Rs. 1061.55 respectively. The current market cap of the company is Rs. 12205.29 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 India has renewed long term contract worth revenue of $53 million (Rs 436 crore) with one of the leading German multinational for supply of patented life science speciality chemical for the next 3 years on exclusive basis. This renewal is in accordance with the automatic renewal clause agreed upon by the parties in the long-term agreement signed three years ago, following the completion of the original contract duration of three years.
Anupam Rasayan India (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India.
