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Monday, 23 January 2017

Akshar Chem India has emerged as the stock of the day, as it has witnessed a spurt in volumes of more than 2.34 times, also hitting its upper circuit of Rs 706.55. In a recent development, the company board has approved a capital expenditure plan of Rs 175 crore, which it will execute over a period of 12-18 months, thereby expanding its business in Organic Pigments, Speciality Chemicals, Dyes and Intermediates.

The stock is a multi-bagger, exactly one year ago, it was trading at Rs 174, it has surged 308% on a YoY basis, and its P/E stands at 13.53. In the last one year, the stock has outperformed the Small-cap index. UTI Mutual Fund is the only fund house which has invested in the stock of the company. 

AksharChem (India) Ltd is currently trading at Rs 706.55, up by Rs 33.6 or 4.99% from its previous closing of Rs 672.95 on the BSE. The scrip opened at Rs 690 and has touched a high and low of Rs 706.55 and Rs 665 respectively. So far 38731(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 492.12 crore.

The BSE group 'XC' stock of face value Rs 10 has touched a 52 week high of Rs 791.55 on 08-Nov-2016 and a 52 week low of Rs 135 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs 714.5 and Rs 667.4 respectively.

The promoters holding in the company stood at 70.33 % while Institutions and Non-Institutions held 0.06 % and 29.61 % respectively. The stock is currently trading above its 50 DMA.

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