{"id":115437,"date":"2023-12-12T17:03:15","date_gmt":"2023-12-12T11:33:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115437"},"modified":"2023-12-12T17:03:20","modified_gmt":"2023-12-12T11:33:20","slug":"chemical-stock-trades-flat-after-lic-increases-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-trades-flat-after-lic-increases-stake-in-the-company\/","title":{"rendered":"Chemical stock\u00a0trades flat after LIC increases stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2270117635\"><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>LIC, India&#8217;s largest insurance company, has increased its stake in one of the major integrated chemical manufacturers to 5.117 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3767263060\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ATUL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Atul Ltd<\/a><\/strong> is a Mid-cap stock with a market capitalization of Rs 20,090 crore, while the company has delivered multibagger returns of 102 percent in the last five years.\u00a0<\/p><p>According to LIC\u2019s Exchange filing, the Insurance company has increased its shareholding in &#8220;ATUL Limited\u201d from 14,74,172 to 15,09,793 Equity Shares, increasing its shareholding from 4.997 percent to 5.117 percent of the paid-up capital.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LICI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Life Insurance Corporation (LIC)<\/a><\/strong> is the largest insurance provider company in India. It has a market share of above 66.2 percent in new business premiums.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-855325804\"><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>The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity &amp; pension products.&nbsp;<\/p><p>The company\u2019s revenues have declined by 20 percent year on year from Rs 1,487 crore in Q2FY23 to Rs 1,193 crore in Q2FY24, while net profit fell by 39 percent in the same period, from Rs 146 crore to Rs 89 crore.&nbsp;<\/p><p>Atul Ltd is a diversified and integrated Indian chemical company. The products of the company are used in various Industries and come mainly under two segments, Life Science Chemicals and Performance and Other Chemicals.&nbsp;<\/p><p>Atul Ltd is the largest manufacturer of para Cresol, para Anisic aldehyde, and para Anisic alcohol in the world as well as the largest manufacturer of 3,3\u2019-Diaminodiphenyl sulfone and 4,4\u2019-Diaminodiphenyl sulfone.&nbsp;<\/p><p>In fiscal year 22-23, India accounted for 50 percent of revenues, followed by 12 percent from Europe, 13 percent from North America, and 20-5 from Asia (without India).&nbsp;<\/p><p>In the September quarter, the firm grew its non-current assets primarily owing to the completion of significant projects and an increase in the valuation of long-term investments, while increasing its liquid cash balance by Rs 100 crore despite CapEx spending through better working capital management.<\/p><div class=\"trade-content-10\" id=\"trade-948427206\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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>Atul Ltd manufactures 900 products and 400 formulations, while the company serves 4,000 customers in 83 countries and owns 140 brands.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1910579344\"><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>LIC, India&#8217;s largest insurance company, has increased its stake in one of the major integrated chemical manufacturers to 5.117 percent.&nbsp; Atul Ltd is a Mid-cap stock with a market capitalization of Rs 20,090 crore, while the company has delivered multibagger returns of 102 percent in the last five years.\u00a0 According to LIC\u2019s Exchange filing, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15408,"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":[31,1789],"tags":[15126,6021,948,936],"class_list":["post-115437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-atul-ltd-share-price","tag-lic-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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