India's Anupam Rasayan gains on quarterly profit jump, contract win

Anupam Rasayan India

14/02/2025 06:38

** Shares of Anupam Rasayan India  ANUY.NS  rise 2.6% to 686
rupees, in their busiest session in over six months
    ** Specialty chemicals maker's Q3 consol profit surges 53%
Y/Y, helped by strong demand in pharma and polymer segments; rev
up 32%
    ** Co aims for 30%-35% increase in rev in FY26
    ** Co also signs a $12.5 mln per annum contract with a US co
for supply of a specialty chemical product
    ** More than 750,000 shares traded, over nine times their
30-day avg
    ** Avg of rating by analysts covering the stock is "hold,"
same as that on peer Deepak Nitrite  DPNT.NS  - LSEG
    ** Their median PT is 737.5 rupees - LSEG 
    ** Stock declined 31% in 2024 vs flat DPNT shares




 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))