Anupam Rasayan shares in focus after $106 crore deal with Korean MNC

Anupam Rasayan India shares will be in focus on Tuesday after the company signed a 10-year Letter of Intent (LOI) worth $106 million (approximately Rs 922 crore) with a Korean multinational specializing in specialty chemicals. The high-performance niche chemical under this agreement is expected to be supplied from FY26.

"This long-term partnership reinforces Anupam’s expertise in delivering advanced chemical solutions and strengthens its presence in high-growth global markets," the company stated.

Gopal Agrawal, CEO of Anupam Rasayan, said," Securing this long-term LOI with a global industry leader is a testament to our strong R&D capabilities and commitment to innovation. The specialty chemical covered under this agreement has niche applications in the aviation and electronics sectors.


With our robust backward integration capabilities, we ensure a stable and efficient supply chain, offering reliability and consistency to our global customers. Expanding into South Korea adds another significant geography to Anupam Rasayan's global presence, positioning the company for long-term growth in one of the world’s most advanced manufacturing hubs."

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Anupam Rasayan shares target price

According to Trendlyne data, the stock's average target price is Rs 710, indicating a 10% downside from current levels. The consensus recommendation from nine analysts is a 'Hold.'

Anupam Rasayan technical indicators

Technically, the stock's relative strength index (RSI) is at 72.6. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at 1.7, which is above its center and signal line, this is a bullish indicator.

The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).

Anupam Rasayan shares performance

On Monday, Anupam Rasayan shares closed at Rs 787.7, up 0.9% on the BSE, while the benchmark Sensex declined 0.29%. The stock has declined 16% in the past 12 months and surged just 5% over the last two years. The company’s market capitalization stands at Rs 8,659 crore.

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