Shares of Anupam Rasayan India Ltd. rose over 6% on Wednesday after it won an order from a multinational Japanese company to supply advance intermediates.
The company will be supplying two advanced intermediates using fluorination chemistry for seven years to the Japanese company. This will fetch Rs 743 crore in revenue for Anupam Rasayan, according to an exchange filing.
The company did not reveal the name of the Japanese multinational company in the filing.
Shares of the company rose as much as 6.50% to its highest level since March 12. It pared gains to trade 2.67% higher at 10:36 a.m., compared to flat a NSE Nifty 50.
The stock has risen 7.85% in past 12 months. Total traded volume so far in the day stood at 43 times its 30-day average. The relative strength index was at 51.1.
Of the 11 analysts tracking the company, three maintain a 'buy' rating, two recommend a 'hold', and six suggest a 'sell', according to Bloomberg data. The average 12-month analysts' price target implies a downside of 11.0%.
RECOMMENDED FOR YOU
.jpg?rect=0%2C0%2C3500%2C1969&w=75)
Anupam Rasayan Share Soars Nearly 50% In Just Three Months—Will The Rally Continue?
Jul 01, 2025
BHEL Share Price Gains After Rs 6,500-Crore Contract Win From Adani Power
Jun 30, 2025
Western Carriers Share Price Surges After Rs 558-Crore Order Win
Jun 26, 2025
ITD Cementation Surges To Record High After Rs 894-Crore Order Win
Jun 10, 2025
POPULAR