Shares of Camlin Fine Sciences surged 9.7 per cent at Rs 113.33 per share on the BSE in early trades on Wednesday
The Russia-Ukraine crisis has had an adverse impact on all costs especially raw materials, logistics and power and fuel
The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each
The upgrade reflects steady improvement in CFSL's operating performance over FY18-FY21 and the substantial improvement in the credit profile
The company will produce Hydroquinone and Catechol, key raw materials for the business, at the lowest cost in the world at the Dahej facility, which shall benefit margins
The project would help Camlin innovate new product formulations