The shares of a Microcap Chemical firm engaged within the manufacturing of natural chemical compounds and intermediates and buying and selling of chemical compounds hit a 5 p.c higher circuit after promoter group of the corporate elevated its stake.
Share Value Motion
The shares of Daikaffil Chemical substances India Ltd, with a complete market capitalization of Rs 109.74 Crores on Friday, hit a 5 p.c higher circuit at Rs 182.9 per share. The shares generated robust returns of 63 p.c previously yr, 597 p.c previously three years and a return of 672 p.c previously 5 years respectively.
What Occurred
On February 19, 2025, Daikaffil Chemical substances India Ltd introduced that SAMS Industries Personal Restricted, a part of the promoter group, had bought 8,316 fairness shares from the open market. This elevated the promoter group’s stake within the firm from 2.43 p.c to 2.57 p.c, with the acquisition going down on February 18, 2025.
On February 20, 2025, the corporate additional disclosed that SAMS Industries Personal Restricted had acquired an extra 10,176 shares, bringing its whole possession to 2.74 p.c as of February 19, 2025.
The Promoters of Daikaffil Chemical substances India Ltd have elevated holdings from 49.43 p.c to 51.25 p.c in Q3FY25. The corporate reported Income from operations of Rs 3.5 Crores and a Internet Lack of Rs 0.36 Crores within the quarter ended Q3FY25.
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Indian Chemical Business
India is the sixth largest producer of chemical compounds globally and ranks third in Asia, contributing 7 p.c to the nation’s GDP. The Indian chemical trade is presently valued at US$ 220 billion and is projected to develop to US$ 300 billion by 2030 and US$ 1 trillion by 2040. India holds a powerful place within the international chemical commerce, rating 14th in exports and eighth in imports.
About Daikaffil Chemical substances India Ltd
Daikaffil Chemical substances India Ltd is concerned within the manufacturing of natural chemical compounds and intermediates, in addition to the buying and selling of chemical compounds. Its major merchandise embrace varied Stilbene Derivatives, Optical Brighteners for the textile, paper, and detergent industries, Naphthol Grounders for pigments, and intermediates for Pigment Pink 170.
The corporate is a significant producer of Optical Brightening Brokers (OBAs), that are broadly utilized in industries similar to cellulosic fibers, pulp and paper, and detergents and soaps.
Written By Adhvaitha Nayani
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