Amal Achieves 52-Week High Amidst Strong Growth in Specialty Chemicals Sector

Amal, a small-cap player in the specialty chemicals sector, has made headlines today by reaching a new 52-week high of Rs 850, marking a significant milestone for the company. This achievement comes as Amal outperformed its sector by 4.93%, showcasing its strong market position. Over the past two days, the stock has gained 12.28%, reflecting a positive momentum in its performance.
The company has demonstrated impressive financial metrics, with net sales growing at an annual rate of 45.22%. In its latest results, Amal reported a remarkable 32.55% increase in net sales for the quarter ending March 25, contributing to a robust six-month performance where net sales reached Rs 84.75 crore, up 80.01%. Additionally, the profit after tax (PAT) surged by an astounding 783.33% to Rs 23.32 crore.

Amal's return on capital employed (ROCE) stands at a noteworthy 34.94%, indicating efficient use of capital. With a one-year performance of 119.84%, the company has consistently outperformed the broader market, including the BSE500 index. Despite its small size, Amal's strong growth trajectory and market-beating performance highlight its potential in the specialty chemicals industry.