Shares of Rossari Biotech rallied 9 per cent to Rs 1,199 on the BSE in intraday trade on Wednesday. This is also the stock s highest level since listing on the bourses on July 23 last year. It surpassed its previous high of Rs 1,145.65, hit on February 19.
Thus far in the month of April, the specialty chemicals company s stock has soared 16 per cent in the four trading days, after the company announced full commissioning of its Greenfield manufacturing facility at Dahej, Gujarat.
The Greenfield facility will have a total installed capacity 132,500 MTPA, enhancing the total capacity of Rossari by 2.1x to 252,500 MTPA. A strong upcoming pipeline of new product launches and new business lines within the four core chemistries should enable the Company to sustainably ramp-up utilization levels at the Dahej unit over the next 3-4 years, Rossari Biotech said in a press release.
Brace for volatility amidst weak global cues - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Stocks in Focus on March 12: Domestic equity benchmarks ended with decent gains after a volatile day on Wednesday, March 10, 2021. The S&P BSE Sensex added 254.03 points or 0.50 per cent to 51,279.51.
Anupam Rasayan IPO opens for subscription, should you subscribe to the share sale?
Anupam Rasayan IPO comprises fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt
BusinessToday.In | March 12, 2021 | Updated 11:48 IST
Anupam Rasayan has fixed a price band of Rs 553-555 for the share sale. The public subscription will close on March 16.
Speciality chemical company Anupam Rasayan opened its initial public offer today. The IPO comprises fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt. The company has fixed a price band of Rs 553-555 for the share sale. The public subscription will close on March 16.
Anupam Rasayan manufactures a variety of intermediates and ingredients for insecticides, fungicides and herbicides for agrochemical companies. Besides, it also manufactures anti-bacterial and ultraviolet protection ingredients for FMCG and pharma companies.