India's Anupam Rasayan hits record high after Q4 earnings rise

Anupam Rasayan India

03/05/2023 05:46

** Shares of Anupam Rasayan Ltd  ANUY.NS  rise as much as
2.62% to 1,214 rupees, a record high
    ** Industrial chemicals manufacturer reports 23% YoY rise in
March quarter profit; Revenue from operations jumps
48% urn:newsml:reuters.com:*:nFWN36Z1RM
    ** ANUY also declares interim dividend of 1.5 rupees per
share; 
    ** Trading volume is 370,624 shares as of 10:03 a.m. IST,
half the 30-day avg
    ** The relative strength index of the stock is at 85,
suggesting it is overbought - Refinitiv data
    ** All seven analysts tracking ANUY have "buy" rating;
median TP is 873 rupees - Refinitiv IBES 
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))