{"id":116000,"date":"2023-12-21T18:06:01","date_gmt":"2023-12-21T12:36:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116000"},"modified":"2023-12-21T18:06:06","modified_gmt":"2023-12-21T12:36:06","slug":"smallcap-stock-jumped-9-4-after-companys-expansion-plans-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumped-9-4-after-companys-expansion-plans-check-the-details\/","title":{"rendered":"Smallcap stock jumped 9.4% after company&#8217;s expansion plans; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1577900074\"><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>The shares of one of the leading manufacturers of specialty chemicals gained up to 9.4 percent after the company signed a Memorandum of Understanding with the global Manufacturer of Electrolytes.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1196336152\"><!-- 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>With a market capitalization of Rs 4,318.71 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AMIORG\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ami Organics Ltd<\/a><\/strong> closed at Rs 1,171.00 per share, increased around 6.46 percent compared to the previous closing price of Rs 1,075.15 per share.\u00a0<\/p><p>According to the company filing, Ami Organics Ltd signed a Memorandum of Understanding with the global Manufacturer of Electrolytes for the strategic collaboration towards manufacturing electrolytes for battery cells and allied materials in Gujarat, India.&nbsp;<\/p><p>Additionally, at the upcoming Vibrant Gujarat Summit 2024, the company will sign an MOU with the Gujarati government for an investment of up to Rs 300 crores for the establishment of a dedicated manufacturing facility for the electrolytes business in the state of Gujarat.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-34645873\"><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 MOU is evidence of the company&#8217;s strategic vision in coordinating with the industry trends that are revolutionizing the battery chemicals market. This product supports the Made in India campaign of the government. Ami Organics is advancing environmentally sustainable practices in the energy storage device industry by showcasing creative solutions.&nbsp;<\/p><p>Looking into Ami Organics Ltd&#8217;s performance, revenue increased by 17 percent from Rs 147 Crore in Q2FY23 to Rs 172 Crore in Q2FY24. During the same duration, net profit decreased by 189 percent from a profit of Rs 19 crore to a loss of Rs 17 crore.&nbsp;<\/p><p>A 5 MW solar power plant that is currently under construction will eliminate electricity costs when it is fully operational, and the company&#8217;s board has approved investment in a 16 MW solar power plant.&nbsp;<\/p><p>Ami Organics Ltd. has one R&amp;D facility, three manufacturing facilities, and more than 500 customers across 50 countries.&nbsp;<\/p><p>Ami Organics Ltd produces various kinds of materials for agrochemicals and fine chemicals, as well as Advanced Pharmaceutical Intermediates and Active Pharmaceutical Ingredients (API) for New Chemical Entities.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter\"><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-content-10\" id=\"trade-3115271857\"><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><div class=\"trade-after-content\" id=\"trade-3126618429\"><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>The shares of one of the leading manufacturers of specialty chemicals gained up to 9.4 percent after the company signed a Memorandum of Understanding with the global Manufacturer of Electrolytes.&nbsp; With a market capitalization of Rs 4,318.71 crores, the shares of Ami Organics Ltd closed at Rs 1,171.00 per share, increased around 6.46 percent compared [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"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":[],"class_list":["post-116000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-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>Smallcap stock jumped 9.4% after company&#039;s expansion plans; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of the leading manufacturers of specialty chemicals gained up to 9.4 percent after the company signed a Memorandum of Understanding with the global Manufacturer of Electrolytes.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumped-9-4-after-companys-expansion-plans-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumped 9.4% after company&#039;s expansion plans; 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