This speciality chemical company signs a Letter of Intent worth USD 46 million with an American multinational!

Shares of this company gained more than 40 per cent in the last 6 months.

Anupam Rasayan Limited, a leading custom synthesis and speciality chemical manufacturing company in India, has signed a letter of intent worth revenue of USD 46 million (Rs 380 crores) with a leading American multinational company to supply new-age specialty chemical advance intermediate for the next five years. This product will be manufactured in the upcoming multipurpose manufacturing facilities.

Incorporated in 1984, Anupam Rasayan India Ltd (ARIL) has two verticals: Life science-related specialty chemicals comprising products related to agrochemicals, personal care, and pharmaceuticals, and other speciality chemicals comprising specialty pigments and dyes, and polymer additives.

Today, the stock of Anupam Rasayan Limited opened at Rs 1078.95, with a high and low of Rs 1128.00 and Rs 1072.50, respectively. The stock is currently trading at Rs 1126.05, up by 4.67 per cent. In the last six months, the shares of the company have given more than 40 per cent returns, and on a YTD basis, the stock has given about 60 per cent returns.

The stock has a 52-week high of Rs 1128 and a 52-week low of Rs 547.10. With a market capitalisation of Rs 12,101.05 crore, the company has a ROCE of 11 per cent and an ROE of 9.16 per cent.

This new development with the American multinational company is expected to further boost Anupam Rasayan Limited's growth prospects in the specialty chemicals market.