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The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
Shares of Jyoti Resins & Adhesives locked in 5 per cent upper circuit for the fifth straight day as they hit a new high of Rs 1,769.70 on the BSE.
The company is witnessing rise in demand from end-user industries such as food processing, personal care and home care in the specialty chemicals market.
It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index
In the past one month, the stock of specialty chemicals fell 25 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.
Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies
The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.
Aether Industries caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments
Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale
Post listing, the stock hit a high of Rs 929 and a low of Rs 841 in intra-day trade
The initial public offer of specialty chemicals maker Ami Organics was subscribed 64.54 times on the closing day of subscription on Friday. The Rs 569.63 crore IPO received bids for 42,22,36,296 shares against 65,42,342 shares on offer, as per data available with the NSE. Qualified Institutional Buyers (QIBs) category was subscribed 86.64 times, non institutional investors 154.81 times and Retail Individual Investors (RIIs) 13.36 times. The company's initial public offer was fully subscribed within the first few hours on the opening day on Wednesday. The initial public offer (IPO) had a fresh issue of up to Rs 200 crore and an offer for sale of up to 6,059,600 equity shares. Its price range was at Rs 603-610 per share. Ami Organics had on Tuesday collected Rs 171 crore from anchor investors. Proceeds from the fresh issue will be used towards repayment of certain debt and funding working capital requirements. Ami Organics is one of the leading R&D driven manufacturers of specialt
On Wednesday, September 1, 2021, Chemplast Sanmar announced that it has redeemed the entire outstanding NCDs that were issued in December 2019 by the company
The initial public offer of specialty chemicals maker Ami Organics was fully subscribed within the first few hours on the opening day on Wednesday.
At the higher price band of Rs 610, Ami Organics is demanding a P/E multiple of 41.2x (to its FY21 EPS of Rs 14.8), which is at discount to the peer average of 48.3x
For Q1FY22, Jubilant Industries reported a consolidated net profit of Rs 21.85 crore as against a net loss of Rs 27.75 crore in Q4FY21 and a loss of Rs 2.72 crore in Q1FY21
The company reported a net profit of Rs 197.28 crore in Q1FY22 as against a loss of Rs 31.18 crore in Q1FY21
In Q1FY22, the company reported a consolidated net profit of Rs 97.40 crore as against Rs 31.58 crore in Q1FY21
The issue, which is slated to run between July 7-9, is priced in the range of Rs 880-900 per share and is entirely an offer for sale