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Omkar Speciality Chemicals is currently trading at Rs. 64.15, up by 1.60 points or 2.56% from its previous closing of Rs. 62.55 on the BSE.
The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 65.60 and Rs. 63.00 respectively. So far 23272 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.80 on 26-Jul-2011 and a 52 week low of Rs. 47.85 on 07-Jun-2011.
Last one week high and low of the scrip stood at Rs. 65.60 and Rs. 56.00 respectively. The current market cap of the company is Rs. 126.31 crore.
The promoters holding in the company stood at 59.11% while Institutions and Non-Institutions held 11.10% and 29.79% respectively.
Omkar Speciality Chemicals has forayed into pharmaceutical business with its recent acquisition of LASA Laboratory located at Mahad in Raigad district, which has been an established player in the anthelmintic/ veterinary API segment with state-of-the--art API manufacturing facility. This acquisition is strategic for the company in terms of addition of new verticals as well as value addition.
The above acquisition will enable the company to focus on manufacturing anthelmintics, such as Albendazol EP, Albendazole IP/USP, Cyromazine, Fenbendazole, BP VET/ EP, Nitroxynil BP Vet, Ricobendazole, Toldimphos Sodium and Triclabendazole.
The API division is already in operations, and will initially focus on continuing the existing API business of LASA Laboratory, which has massive demand in India and abroad. The products are used as anthelmintics or deworming agents for veterinary. Currently, the product portfolio in this division comprises 10 products in the veterinary anthelmentics segment, mainly Benzimidazoles and other active pharma ingredients.
In addition, Omkar Speciality Chemicals has also plans to manufacture APIs with forward integration of some of the key intermediates which are currently being manufactured in the company.
Omkar Speciality Chemicals is mainly engaged in the manufacture and sale of speciality chemicals viz., selenium compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz., Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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