Chemplast Sanmar rises for 6th day in row after weak debut, up 21% from low

On Wednesday, September 1, 2021, Chemplast Sanmar announced that it has redeemed the entire outstanding NCDs that were issued in December 2019 by the company

Shares of Chemplast Sanmar were trading higher for the sixth straight day, up 3 per cent at Rs 620 on the BSE in intra-day trade on Thursday after a poor listing last week.

The stock of the specialty chemicals firm was trading at its highest level since listing on August 24, 2021.  It has rallied 21 per cent from its low of Rs 510.30 touched on the listing day. With continued upward movement, the stock is now trading 15 per cent higher against its issue price of Rs 541 per share.

Chemplast Sanmar had made a tepid debut on the bourses as