Shares of Anupam Rasayan India (ARIL) rose 7% in intraday trade on Wednesday, hitting a six-month high of Rs 859 on the BSE. Shares of the speciality chemicals company have soared 15% over the past two sessions. It was quoted at its highest level since September 12, 2022. In contrast, the S&P BSE Sensex rose 0.17% to 58,172 at 1:36 pm.

ARIL is one of the leading companies in India engaged in Custom Synthesis (CSM) and Manufacturing of Specialty Chemicals. The speciality chemicals specialization has two verticals, life sciences-related speciality chemicals, including products related to agrochemicals, personal care, and pharmaceuticals, and other speciality chemicals, including speciality pigments and dyes and polymer additives.

Shares of ARIL have rallied 40% over the past five weeks on expectations of solid growth in the quarters and years ahead. It has risen 35% over the past month, compared with a 2.6% decline for the S&P BSE Sensex.

The company has a strong pipeline of products that will be launched in the coming quarters. Management said the company is seeing strong customer interest in fluorination.

“Overall, our strong product pipeline, capacity availability, upfront discussions with various customers and ahead-of-plan capital expenditures give me the confidence to deliver strong and sustainable growth in the quarters and years ahead,” Anand Desai, managing director of Anupam Rasayan had said when announcing the December quarter results on January 27.