Neogen Chemicals’ shares up 570% since itemizing, 139% simply in 2021 – New Delhi News


In 2021, the corporate, which offers in specialty chemical substances, noticed an increase of 139 per cent in its share worth.

Notably, India fulfils a portion of its specialty chemical substances necessities by way of imports. However, these days, the Centre has been aiming to ramp up home manufacturing of such merchandise.

Consequently, the corporate’s shares have been on an upswing as a consequence of home elements.

Its shares rose between 40 per cent and 50 per cent vary up to now one month, thereby outperforming the important thing indices.

On Tuesday, the corporate’s shares settled at Rs 1,760, up over 6 per cent from its earlier shut.

At the time of itemizing, the shares of the corporate had been hovering round Rs 260, alternate knowledge confirmed.

Neogen Chemicals is a 30-year-old firm specialising in Bromine-based compounds, Grignard Reagents and Inorganic Lithium Salts.

These specialty chemical product choices are utilized in pharmaceutical and agrochemical intermediates, engineering fluids, digital chemical substances, polymer components, water therapy, building, aroma chemical substances, flavours and fragrances, specialty polymers, and VAM original-equipment producers in India and throughout 28 international locations.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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