Anupam Rasayan jumps on signing LoI to supply high-performance specialty chemical product
Anupam Rasayan India is currently trading at Rs. 688.50, up by 17.05 points or 2.54% from its previous closing of Rs. 671.45 on the BSE.
The scrip opened at Rs. 693.40 and has touched a high and low of Rs. 734.70 and Rs. 685.80 respectively. So far 22812 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 977.95 on 01-Mar-2024 and a 52 week low of Rs. 633.30 on 29-Jan-2025.
Last one week high and low of the scrip stood at Rs. 760.00 and Rs. 662.60 respectively. The current market cap of the company is Rs. 7608.35 crore.
The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 9.75% and 29.07% respectively.
Anupam Rasayan India has signed a Letter of Intent (LoI) with US MNC, a global leader in science and innovation, to supply a high-performance specialty chemical used in critical Polymer applications. The supply of this product will span over next 10 years, with cumulative sales projected to reach $195 million (Rs 1,697 crore). This product will be manufactured in existing manufacturing facilities.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India.
