This is the sixth patent granted to the company and further, six more patents applications filed for other products are also pending for grant.
In an interview to CNBC-TV18, Pravin Herlekar, CMD of Omkar Speciality Chemicals discussed the company's Q1 performance.
The company said it would further like to penetrate into segments like fragrances and flavours, food and beverages, etc. in which new products will be launched in the immediate future.
Pravin Herlekar, Chairman and Managing Director of the company told CNBC-TV18 that the patent, fourth one for the firm, is for beta ketoester chemical. There are seven more patents in the pipeline, he added.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Tata Motors | Coal India | Bharat Forge | Adani Ports | Axis Bank | DLF | Jindal Steel | Power Grid | Wockhardt | Royal Orchid | Asian Oilfield | Mandhana Retail | Scanpoint Geomatics | Bajaj Electricals | Omkar Speciality | HCC | Kaveri Seed | Pratibha Industries | Bombay Rayon are stocks, which are in the news today.
Shares of Artson Engineering rose 9 percent intraday Tuesday as it has received a Letter of Award (LoA) from Mumbai Aviation Fuel Farm Facility (MAFFFPL) worth of Rs 24.43 crore.
"...has obtained a patent related to the process for manufacturing 2-Hydroxy-3, 5-Diiodobenzoic acid granted by the Government of India," the speciality chemicals and veterinary APIs manufacturer said.
DLF | eClerx Services | Dilip Buildcon | TD Power | MOIL | GMDC | RCF | Ashoka Buildcon | Motilal Oswal | Omkar Speciality Chemicals | Artson | IDBI Bank | NDTV | Prime Focus | DHFL and Ortin Labs are stocks, which are in the news today.
A diversified product and customer portfolio leading to lower dependence on any particular product or customer gives Omkar Speciality the confidence of sustaining healthy margins, says Chairman and Managing Director Pravin Herlekar.
Mahindra and Mahindra | Max India | Dish TV | Hexaware | Tata Steel | Marico | DLF | SRS | Cupid | Ramky Infra | Capital First | NALCO | IndiaNivesh | Hinduja Ventures and Emami are stocks, which are in the news today.
With capacity utilisation enhancement measures, Omkar Specialty Chemicals expects to clock in revenues of Rs 430 crore going ahead.
Tata Power | Torrent Pharma | SAIL | Power Grid | NALCO | Sobha | Novartis India | Mahindra and Mahindra | Maruti Suzuki | Tata Motors | Flexituff International | are stocks, which are in the news today.
Omkar Speciality Chemicals has reported a consolidated total income from operations of Rs 108.34 crore and a net profit of Rs 9.40 crore for the quarter ended Dec '15
"Omkar Speciality has received environment clearance for its manufacturing unit - V in Ratnagiri, Maharashtra," says the company in its filing to exchange.
Prakash Diwan of prakashdiwan.in likes Vinati Organics from the chemical space.
Krish Subramanyam of Altamount Capital advises buying Omkar Speciality Chemicals with a target of Rs 214.