Sudarshan Chemicals To Acquire Heubach's Rs 1,180-Crore Global Pigment Business

Sudarshan Europe BV is set to acquire global pigment business operations of Germany-based Heubach Group for the total amount of approximately Rs 1,180 crore.

Share price of Sudarshan Chemicals Industry closed 14.81% higher at Rs 1,164.90 apiece on the NSE, compared to a 0.14% decline in the benchmark Nifty 50.

The stock has fallen 112.19% on a year-to-date basis and 143.83% over the past 12 months.

Of the 10 analysts tracking the company, six have a 'buy' rating on the stock, one suggest a 'hold' and three recommend a 'sell', according to Bloomberg data. The average of 12-month analysts' consensus price targets implies a potential downside of 18.2%.