The acquisition will improve Anupam’s revenue mix and add new products
'The specialty chemical covered under this agreement has niche applications in the aviation and electronics sectors,' said Anupam Rasayan CEO Gopal Agrawal.
New Delhi, May 18 Chemicals maker Anupam Rasayan India Ltd on Saturday posted a 44.26 per cent fall in its consolidated net profit to Rs 40.46 crore for..
KR Choksey recommended accumulate rating on Anupam Rasayan with a target price of Rs 1008 in its research report dated February 20, 2024.
The agreement is for the supply of new age polymer intermediate and has a revenue potential of $61 million. The product will be manufactured in the company's existing and new multipurpose manufacturing facilities, Anupam Rasayan said in a release.
Emkay Global Financial is bullish on Anupam Rasayan has recommended buy rating on the stock with a target price of Rs 1070 in its research report dated November 07, 2023.
Jefferies advised caution, with valuations for chemical companies trending above their historical averages. The broker believes that India's chemicals sector is a Goliath in the making