Anupam Rasayan hits 52-week low; stock slips 25% in a month

Shares of Anupam Rasayan hit a 52-week low of Rs 619.3 and slipped 9 per cent on the BSE in Monday’s intra-day trade. In the past one month, the stock of specialty chemicals fell 25 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex. It has corrected 44 per cent from its 52-week high level of Rs 1,106 that it had touched on February 2, 2022.

On May 24, 2022, the board had approved fund raising for an aggregate amount of Rs 800 crore through issue of equity shares via qualified institutions placement. The