The sell-off hit hard on Monday, September 21. Anupam Rasayan India shares slipped nearly 5% in early trade after 15.44 lakh shares—representing 1.41% of the company's total equity—moved through block deals. The transaction valued the equity at ₹180 crore, with the transaction price set at ₹1,170 per share. As of the report, exchange data does not yet reveal who the official buyers or sellers were, leaving the market to speculate on the intent behind the large-scale exit.
The stock price action was volatile. It dipped to an intraday low of ₹1,150.1 before buyers stepped in, pulling the price back. By 10:03 am, the stock was trading at ₹1,188, a 1.6% decline. This volatility follows a rough stretch for the ticker; it has shed 4.4% over the past month and is down 10.4% year-to-date. Promoter entities currently hold a 59.07% stake, while public shareholders hold 40.83%, meaning this block deal represents a significant chunk of the free float.
Underlying fundamentals, however, remain strong. In the June quarter, the company reported a net profit of ₹38.6 crore, up 14% from ₹34 crore a year ago. Revenue surged 35% to ₹655 crore from ₹485.8 crore. EBITDA grew 31% to ₹162.4 crore, though the margin contracted slightly to 25.8% from 25.6% in the same period last year. The growth is being driven largely by volume, according to management.
Deputy CFO Vishal Thakkar recently told CNBC-TV18 that the company now expects consolidated revenue growth to exceed 30% this fiscal year, raising its previous guidance of 20-25%. This upward revision comes on the back of a secured six-year chemical supply contract with a major US-headquartered specialty metal manufacturer. The pharma and polymer businesses continue to provide the necessary momentum for this volume-driven expansion.
Traders are now watching for clarity on the block deal participants. Until the buyer and seller identities are disclosed, the stock may remain range-bound. The market will likely wait to see if the recent revenue guidance hike can offset the short-term sentiment hit from the large equity transfer.