Anupam Rasayan (ARL) is well-positioned to benefit from ‘China 1’ with its diversified chemistry expertise, wide customer base and presence across multiple verticals. Strong LT contract pipeline offers medium-term growth visibility. We forecast Rev/Ebitda/PAT CAGR of 33%/29%/31% over FY22-24e. Valuation is favourable after a 16% correction. We initiate at Buy with a Rs 1,040 PT at 38x P/E on...

Speciality chemical maker Anupam Rasayan announced that it has received and signed Letter of Intent (LOI) amounting Rs135 crore with a Japanese Multinational Chemical company for supplying a life sciences related speciality chemical product. Anupam Rasayan shares surged over 5% to Rs770 per share whereas that of Goldiam International rose more than 7% to Rs727 apiece on the BSE in Monday's early t...

Union Minister of State for Commerce and Industry Anupriya Patel on Monday said that India is expected to export USD 46 billion to ASEAN in the financial year 2022.Patel on Monday inaugurated the "India-ASEAN Engineering Partnership Summit" organised by the Engineering Exports Promotion Council (EEPC) with support from the Ministry of External Affairs and the Department of Commerce.While addressin...

Anup Majhi alias Lala, the alleged kingpin of the multi-crore-rupee coal scam, appeared before CBI sleuths on Tuesday at the agency's Nizam Palace office here to face interrogation. Sources in the CBI said Majhi, over the past four months, had been evading the agency's notices and a look-out circular issued against him.The Central Bureau of Investigation (CBI) had earlier carried out raids on Majh...

The shares of speciality chemicals company Anupam Rasayan today made a weak debut on exchanges. Its shares were trading at Rs521 as compared to issue price of Rs555. Anupam Rasayan had fixed a price band of Rs553-555 a share for its Rs760-crore initial share sale, which was open between March 12 and March 16. Its issue was subscribed 44 times.Ahead of the IPO, the company had raised Rs225 crore fr...