Chemical stock in focus after commencing commercial production of an anti-oxidant

During Tuesday’s trading session, the shares of one of the largest manufacturers of certain specialty chemicals developed in-house surged nearly 1 percent to Rs. 1,447.8 on BSE, after the company announced the commencement of commercial production of anti-oxidant.  With a market cap of Rs. 15,217.6 crores, the shares of Clean Science and Technology Limited opened […] The post Chemical stock in focus after commencing commercial production of an anti-oxidant appeared first on Trade Brains.

Dec 18, 2024 - 10:30
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Chemical stock in focus after commencing commercial production of an anti-oxidant

During Tuesday’s trading session, the shares of one of the largest manufacturers of certain specialty chemicals developed in-house surged nearly 1 percent to Rs. 1,447.8 on BSE, after the company announced the commencement of commercial production of anti-oxidant. 

With a market cap of Rs. 15,217.6 crores, the shares of Clean Science and Technology Limited opened in the green at Rs. 1,437.2, up by around 0.2 percent, as against its previous closing price of Rs. 1,434.9. 

What’s the news: 

Clean Science and Technology Limited, as per its latest regulatory filings with the stock exchanges, announced that its wholly-owned subsidiary, Clean Fino-Chem Limited, has commenced commercial production of Butylated Hydroxy Toluene (BHT) from 16th December in Pune. 

Further, the commercialization of BHT, an anti-oxidant, will enable the company to acquire a key position in the antioxidant supply chain with an existing product basket of Butylated Hydroxy Anisole (BHA), Tertiary Butyl Hydroquinone (TBHQ) and Ascorbyl Palmitate (AP). 

The company will be manufacturing BHT on a campaign basis in the existing facility thereby leveraging the existing fixed asset base. 

Financials: 

Clean Science reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 31.5 percent, increasing from Rs. 181 crores in Q2 FY24 to Rs. 238 crores in Q2 FY25. 

Similarly, during the same period, the company’s net profit increased from Rs. 52 crores to Rs. 59 crores, representing a rise of around 13.5 percent YoY. 

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Stock Performance: 

The stock has delivered negative returns of nearly 6.4 percent in one year, while around 5 percent of positive returns in the last six months. So far in 2024, the shares of Clean Science have given negative returns of about 10.2 percent. 

About the company: 

Clean Science and Technology Limited is engaged in the business of manufacturing and sale of various types of speciality chemicals at its manufacturing plants situated at Kurkumbh MIDC, Pune. It caters to both domestic and international markets. 

Written by Shivani Singh 

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The post Chemical stock in focus after commencing commercial production of an anti-oxidant appeared first on Trade Brains.

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