{"id":101207,"date":"2023-04-17T13:37:00","date_gmt":"2023-04-17T08:07:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101207"},"modified":"2023-04-17T14:32:28","modified_gmt":"2023-04-17T09:02:28","slug":"chemical-stock-jumps-up-to-8-after-winning-a-project-worth-1500-crores","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-up-to-8-after-winning-a-project-worth-1500-crores\/","title":{"rendered":"Chemical stock jumps up to 8% after winning a project worth \u20b9 1,500 crores\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1632209351\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Speciality chemical manufacturer Anupam Rasayan India\u2019s shares gained 8.16% on Monday\u2019s early trades to reach an intraday high of \u20b9 1069.75 apiece on the National Stock Exchange (NSE) after the company won a huge project. Its shares were trading 7.07% higher at \u20b9 1059.05 apiece at 12:28 PM.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-734106972\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Anupam Rasayan manufactures custom synthesis and speciality chemicals. It has a diverse base of Indian as well as global customers. The company has six manufacturing facilities in India with an aggregate installed capacity of about 27,000 MT as of December 31, 2022.&nbsp;<\/p><p>According to an exchange filing, the company on Thursday, April 13, 2023, signed a letter of intent worth revenue of $ 182 million or \u20b9 1,500 crores for the next seven years, with a leading Japanese multinational to manufacture and supply three high-value speciality chemicals. This product will be manufactured in the company\u2019s existing manufacturing facilities.&nbsp;<\/p><p>Anand Desai, Managing Director of Anupam Rasayan said that Anupam Rasayan will be the exclusive supplier for these molecules. This project is in line with the company\u2019s strategy of expansion in Fluoropolymer and Electronic segments.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1645982947\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Anupam Rasayan is a small-cap company with a market capitalization of \u20b9 10,629 crores. It has a low return on equity of 9.22%, but an ideal debt-to-equity ratio of 0.50. Its shares were trading at a price-to-earnings ratio (P\/E) of 52.56, which is higher than the industry average of 14.77, indicating that the stock is undervalued as compared to its peers.&nbsp;<\/p><p>In the past month, its share price has risen by more than 41%. About three weeks ago, it had won another order worth \u20b9 984 crores to supply new-age advanced intermediate for life science active ingredients.&nbsp;<\/p><p>In another development on March 22, 2023, the company signed a memorandum of understanding (MoU) with the Gujarat government to invest \u20b9 670 crores to set up three new plants. These plants would come up in Gujarat and would be commissioned by 2025. They will focus on manufacturing fluorochemicals to service the demands of clients in the agrochemical, polymers and pharma sectors in the US, Europe and Japan.&nbsp;<\/p><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><p><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-3958148808\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Speciality chemical manufacturer Anupam Rasayan India\u2019s shares gained 8.16% on Monday\u2019s early trades to reach an intraday high of \u20b9 1069.75 apiece on the National Stock Exchange (NSE) after the company won a huge project. Its shares were trading 7.07% higher at \u20b9 1059.05 apiece at 12:28 PM.&nbsp; Anupam Rasayan manufactures custom synthesis and speciality [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-101207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chemical stock jumps up to 8% after winning a project worth \u20b9 1,500 crores\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Speciality chemical manufacturer shares gained 8.16% on Monday\u2019s early trades to reach an intraday high of \u20b9 1069.75 apiece on the National Stock Exchange (NSE) after the company won a huge project. 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