Oriental Aromatics Ltd (NSE: OAL) Share: The share of Oriental Aromatics was traded on Wednesday. On 3rd day of the week, certain stocks were soaring higher despite a massive selling-off on the market.
One of these stocks can be found in Oriental Aromatics. Oriental Aromatics’ share rose more than 17 percent to Rs 619 per share following the announcement of impressive results in the quarter ending in July and September (Q2FY25).
The stock’s 52-week high is Rs 656. The stock’s peak price was reached on the 5th of November 2024.
This year, this small-cap stock has risen by more than 42 percent, compared to the 9 percent gain recorded by the benchmark Nifty 50.
How Were The Company’s Results?
The total revenue from Oriental Aromatics has grown 4 percent over the past year (YoY).
The company’s revenue increased to Rs 2,389 crore during September, up from Rs 2,296 crore in the previous year.
The net profit of the business was six times higher at Rs 163 crore compared to the Rs 25 crore during the previous quarter last year.
The company’s total expenses fell to Rs 2179 crore from Rs 2261 crore in the prior period.
About The Company
Oriental Aromatics manufactures a variety of terpene chemical compounds and special aromatic chemicals.
Beyond that Oriental Aromatics also offers synthesized camphor, terpineols, resins, pine oil, dihydromyrcenol, astride, and various other chemicals.
It is utilized in flavor and scents, pharmaceuticals and cosmetics and soaps, tires and rubber paints and varnishes, and so on.
Based on data from the September shareholding report promoter holdings were 74.17 percent, whereas international institutional investors (FIIs) reduced their holdings from 0.1 percent to 0.05 percent during the prior quarter.
Selling In The Stock Market
The Indian market for stocks is in a selling phase. On Wednesday which was which was the day that is third of the week each of the Sensex and Nifty witnessed a huge drop.
In the course of trading on Wednesday, the Sensex dropped by over 600 points and fell just below 78,000 points. Similar to that, Nifty also saw a drop.
Quick Fact
| Company name | Oriental Aromatics |
|---|---|
| Share Price Increase | 17% |
| Current Price | ₹619 |
| Revenue Increase YoY | 4% |
| Current Revenue | ₹2,389 crore |
| Previous Year Revenue | ₹2,296 crore |
| Net Profit Growth YoY | 6 times |
| Current Net Profit | ₹163 crore |
| Previous Year Net Profit | ₹25 crore |
| Expense Reduction | ₹2179 crore |
| Previous Expense | ₹2261 crore |
| Sector | Aromatic Chemicals, Terpenes |
| Products | Camphor, Terpineols, Resins, etc. |
| Industries Served | Pharmaceuticals, Cosmetics, Rubber |
| Promoter Holding | 74.17% |
| FII Holding | Reduced from 0.1% to 0.05% |
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