Anupam Rasayan India, a chemical company, is in the spotlight as it just signed a 10-year deal worth $106 million (about Rs 922 crore) with a South Korean company known for specialty chemicals. This agreement will help supply advanced chemicals starting in the financial year 2026. The CEO of Anupam Rasayan, Gopal Agrawal, mentioned that this long-term deal shows their strong research and development skills and commitment to creating innovative products. The chemicals involved are important for the aviation and electronics industries.
This partnership also helps Anupam Rasayan expand its presence in South Korea, a leading manufacturing country, which is great news for the company’s future growth.
Stock Update: According to NiftyStat, the average target price for Anupam Rasayan’s shares is Rs 710, indicating a possible 10% decrease from current prices. Nine analysts recommend holding onto the stock.
Technical Analysis: The stock’s relative strength index (RSI) is at 72.6, which suggests it’s becoming overbought (more than 70 means it’s potentially too expensive). The MACD, another tool for measuring stock trends, shows a bullish signal at 1.7. Anupam Rasayan’s shares are performing well, trading above all its moving averages for various periods.
Recent Performance: On Monday, Anupam Rasayan shares closed at Rs 787.7, with a small increase of 0.9%, while the overall stock market fell by 0.29%. However, the stock has dropped 16% over the past year and only increased by 5% in the last two years. The company’s total value in the market is around Rs 8,659 crore.
(Disclaimer: The opinions and suggestions expressed belong to experts and do not reflect the views of Thellv.news)
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