The market valuation of the company A-1 Acid is 338 crore and works in chemical sector. The company manufactures various chemicals such as nitric acid, methanol, sulfuric acid, calcium carbonate, fly ash hydrochloric acid, toluene di-isocyanate (TDI), ethylacetate, formic acid, acetic acid, nitrobenzene, aniline, hydrochloric acid, methylene dichloride, formaldehyde. Is. and Paraformaldehyde, Oleum, Phospho Gypsum and has dealership contracts with leading companies like GNFC Ltd., GSFC Ltd., Hindalco Industries, National Fertilizers, Gujarat Fluorochemicals, Grasim Industries, Kiri Industries, Balaji Formalin and Nirma Ltd.
A-1 Acid, in a filing to BSE, said that “The Board of Directors in its meeting held on Saturday, June 11, 2022 had recommended the final dividend. 1.50 per equity share 10 is subject to the approval of shareholders at the AGM to be held every Friday, July 8, 2022. In pursuance of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed on Friday, July 01, 2022 the final dividend for the financial year ended March 31, 2022 of the members. As of the record date for determining eligibility.
Shares of A-1 Acid have risen 98.52 on June 21, 2021 294.50 June 20, 2022, 3:30 PM IST, represents a multibagger return of 198.92 per cent in a year. The stock has delivered 51.03 per cent return to shareholders on a year-on-year (YTD) basis so far in 2022. The stock has gained 55.12 per cent in the last six months and 4.79 per cent in the last month. A-1 Acid shares hit 52-week high recently 296.75 on June 17, 2022, and touched a 52-week low of 97.44 on June 18, 2021, indicating that the stock is now trading 202 percent above its 52-week low and 0.75 percent below its 52-week high. Small-cap shares closed 294.50 today, up 0.34 percent from its previous close 293.50, and A-1 Acid is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages depending on the previous trading price.