Speciality chemicals maker Vishnu Chemicals has raised ₹200 crore through a qualified institutional placement (QIP).

Vishnu Chemicals raises ₹200 crore through QIP

Vishnu Chemicals successfully raised Rs 200 crore through a QIP, with marquee domestic and foreign investors such as Franklin India Smaller Companies Fund, Aditya Birla Sun Life Insurance Company Limited, ITI Mutual Fund, and Bandhan Mutual Fund taking part. The Fund-Raising Committee approved the a…

Vishnu Chemicals successfully closes ₹200-cr QIP

Vishnu Chemicals acquires 100% stake in Ramadas Minerals for ₹26 crore. Acquisition to improve raw material quality, capitalise on abundant market opportunities. Ramadas Minerals manufactures barite, mineral powder & white barite powder.

Vishnu Chemicals subsidiary acquires 100% stake in Chennai-based Ramadas Minerals

Vishnu Chemicals manufactures chemicals such as barium and chromium for customers across 12 industries

Vishnu Chemicals Q4 PAT jumps 25%

Buzzing stocks: Laurus Labs, Bharti Airtel, Godrej Consumer, Mukund, ABB India, Adani Wilmar, Anupam Rasayan India, Bajaj Consumer Care, Cholamandalam Investment, Godrej Properties, Havells India, Reliance Power, Sula Vineyards, Tata Chemicals, Titan Company, Vimta Labs and Vishnu Chemicals

Stocks to watch on May 3, 2023

The specialty chemical maker on Monday announced that its board has approved the investment of upto Rs 1,000 crore for development of green field project in the states of Gujarat and Andhra Pradesh.

Vishnu Chemicals board approves investment worth Rs 1,000 cr

Board of Vishnu Chemicals approves capex of up to Rs 1000 cr

The board has also approved raising of Rs 300 crore funds through Qualified Institutions Placement (QIP), subject to necessary approvals.

Vishnu Chemicals Q3 net profit rises 29%

Board of Vishnu Chemicals approves fund raising up to Rs 300 cr

Vishnu Chemicals consolidated net profit rises 28.97% in the December 2022 quarter

Wipro, Just Dial and Ganesh Housing Corporation are some of the companies that will announce their quarterly results today.

Vishnu Chemicals to turn ex-split; Softsol buyback, Wipro Q3 results, dividend announcements & more

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Vishnu Chemicals Ltd is engaged in manufacturing of chromium compounds and certain specialty chemicals. It's chrome chemicals include sodium dichromate, chromic acid, chrome oxide green, basic chromium sulfate and potassium dichromate.