Shares of Anupam Rasayan are down nearly 25 percent this year.
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Specialty chemicals player Anupam Rasayan has expressed confidence in sustaining its growth as it is witnessing the benefits of the Europe+1 trend.
Speaking of the Europe+1 trend, the company signed two contracts with a European crop protection company for supplying two new life science-related specialty chemicals a couple of weeks earlier. The products will be supplied over the next three years.
The company also raised funds this month through a Qualified Institutional Placement (QIP), issuing shares to eligible bidders at Rs 725 per share.