India's Chemcon Speciality eyes best day ever on higher profit

Chemcon Speciality Chemicals

10/08/2022 08:37

** Shares of chemicals manufacturer Chemcon Speciality
Chemicals Ltd  CHEO.NS  rise as much as 20% to 394.90 rupees, a
record intra-day pct gain
    ** Co on Monday reported an 89.8% yoy rise in June-qtr
profit to 254.6 mln rupees($3.20 mln), on the back of healthy
demand across its product portfolio  urn:newsml:reuters.com:*:nFWN2ZK4PH
    ** Demand for both Hexamethyldisilazane (HMDS) and
Chloromethyl Isopropyl Carbonate (CMIC) is gaining traction,
with CMIC's newly expanded capacity contributing to growth, co
said (https://bityl.co/DkOr)
    ** Bromide chemicals have also recorded a strong performance
on the back of a high-order book
    ** Co also declared an interim dividend of 4 rupees per
equity share  urn:newsml:reuters.com:*:nFWN2ZK0NK
    ** More than 2.3 mln shares change hands by 0714 GMT 16.9x
30-day avg of 133,142 shares
    ** Stock up 9.7% so far this year as of last close



($1 = 79.4930 Indian rupees)

 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))