Privi Speciality Chemicals shares are at an all-time high after Q2 results. The company is among the top manufacturers of aroma and fragrance chemicals. After the release of the company’s quarter results, its shares surged 5.44%. Thus, it reached its 52-week high of Rs. 1808 per share. It is currently Rs. 1,708.60 per share. The market opened at Rs. 1,721.95 per share. While it closed at Rs. 1,704 per share. Let us unveil more about Privi Speciality Chemicals’ current situation below.
Privi Speciality Chemicals Share Price Surged to Its 52-Week High
Privi Speciality Chemicals released its Q2 results recently. It was highly profitable. The company increased its profits by 46.8% in a year. While its quarterly profits were also improved. Thus, it recorded a net profit of Rs. 44.66 Crores in the quarter. While it was only Rs. 30.51 crores in the same quarter the previous year. Following net profit, the company reported sales of Rs. 532.79 crores which decreased by 17% in a year. It was Rs. 455.35 Crores in the same quarter a year ago.
Privi Speciality Chemicals has its new 52-week high price now which is Rs. 1808 per share. According to the analysts, the shares of the company are worth holding or buying. In a week, Privi recorded a growth of 2.2% in its share price. If we talk about its monthly performance, Privi Speciality Chemicals recorded 17.67% growth. The graph is showing an upward trend since the beginning of the month. On a yearly basis, it grew by 41.1%.
Privi started with only two products in 1992. It has expanded to more than 50 products in a day now. Its total capacity is 40,000 tons per annum at the moment. While its best products include aromas of Dihydro Myrcenol, Amber Fleur, Citronellyl Acetate, Alpha Ionone, and Amber Gamma. It has its manufacturing facilities at multiple locations including Maharashtra, Mahad, and Jhagadia, as the major ones.
Aromas are used for multiple purposes. Smell is one of the senses of a human. Thus, aromas like Lavender and Chamomile can provide sleep benefits. While it can also help in balancing emotions. Privi Speciality is focusing on improving its product’s quality. This result showed that the company made higher profits despite having a lower revenue than the previous year. They working on cutting their expenses and investing the money for the best of its future. The company’s shares are expected to grow further in the coming months. We hope you get enough details about Privi Speciality Chemicals’ share price above. Stay tuned for more information.