InvestorQ : What is the reason for the sharp rally in the stock of Anupam Rasayan?
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What is the reason for the sharp rally in the stock of Anupam Rasayan?

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2 weeks ago
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Anupam Rasayan, the specialty chemicals company that was recently listed on the stock exchanges after the IPO, has managed to scale a fresh 52-week high price of Rs.666. The rally in the stock price became pronounced after it secured an order worth Rs.1,100 crore from a multinational life sciences company, which is among the top-10 globally.

The Anupam Rasayan IPO, it may be recollected, was issued at Rs.555 per share and listed on 24 March this year. The Rs.1100 crore order is intended to supply life sciences related speciality chemicals and is one of the largest orders for Anupam Rasayan. The company already has over 53 global institutional customers and has scaled 20% over the IPO price.
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