Chemical Stock Up 4% After Announcing Strong Q1 Results and Rs1,600 Cr Capex
India, July 16 -- A specialty chemicals company has kicked off the new financial year with its strongest quarter on record, with revenue, profit, and margins all moving higher on the back of a better product mix. The company used the results to also unveil a string of new growth projects aimed at deepening its footprint in battery materials and speciality carbon products.
With a market capitalization of Rs. 36,801 crore, the shares of Himadri Speciality Chemical Limited were trading at Rs. 734 per share, with a 52-week range of Rs. 734 to Rs. 418.50, and they are trading at a P/E of approximately 46x. The stock went up by 8 percent after the results were announced.
A Record-Breaking Quarter
Himadri Speciality Chemical delivered its high...
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