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AETHER
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Recent events
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Corporate Actions
Aether Industries Procures Industrial Premises
Jan 24 (Reuters) - Aether Industries Ltd AETH.NS:
PROCUREMENT OF INDUSTRIAL PREMISES
Source text: ID:nBSE7kDk6W
Further company coverage: AETH.NS
(([email protected];;))
Jan 24 (Reuters) - Aether Industries Ltd AETH.NS:
PROCUREMENT OF INDUSTRIAL PREMISES
Source text: ID:nBSE7kDk6W
Further company coverage: AETH.NS
(([email protected];;))
Aether Industries Dec-Quarter Consol Net Profit 433.9 Mln Rupees
Jan 17 (Reuters) - Aether Industries Ltd AETH.NS:
DEC-QUARTER CONSOL NET PROFIT 433.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.20 BILLION RUPEES
Source text: ID:nBSE7Yyr0t
Further company coverage: AETH.NS
(([email protected];;))
Jan 17 (Reuters) - Aether Industries Ltd AETH.NS:
DEC-QUARTER CONSOL NET PROFIT 433.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.20 BILLION RUPEES
Source text: ID:nBSE7Yyr0t
Further company coverage: AETH.NS
(([email protected];;))
Aether Industries Executes Amendment To Supply Agreement With Baker Hughes
Jan 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - EXECUTES AMENDMENT TO SUPPLY AGREEMENT WITH BAKER HUGHES
AETHER INDUSTRIES-AMENDMENT FINALIZES VOLUME,PRICING DETAILS FOR 2 PRODUCTS TO BE SUPPLIED TO BAKER
AETHER INDUSTRIES LTD - AMENDMENT INITIATES COMMERCIALIZATION OF AETHER'S SITE 4
Source text: ID:nBSE6j5GPX
Further company coverage: AETH.NS
(([email protected];))
Jan 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - EXECUTES AMENDMENT TO SUPPLY AGREEMENT WITH BAKER HUGHES
AETHER INDUSTRIES-AMENDMENT FINALIZES VOLUME,PRICING DETAILS FOR 2 PRODUCTS TO BE SUPPLIED TO BAKER
AETHER INDUSTRIES LTD - AMENDMENT INITIATES COMMERCIALIZATION OF AETHER'S SITE 4
Source text: ID:nBSE6j5GPX
Further company coverage: AETH.NS
(([email protected];))
Aether Industries Says GPCB Revoked Closure Order Issued For Manufacturing Facility II
Jan 9 (Reuters) - Aether Industries Ltd AETH.NS:
GPCB REVOKED CLOSURE ORDER ISSUED FOR MANUFACTURING FACILITY II
TO COMMENCE FULL-CAPACITY OPERATIONS AT FACILITY II
FACILITY APPROVED FOR 100% RESUMPTION OF OPERATIONS
Source text: ID:nBSE4JWRsj
Further company coverage: AETH.NS
(([email protected];;))
Jan 9 (Reuters) - Aether Industries Ltd AETH.NS:
GPCB REVOKED CLOSURE ORDER ISSUED FOR MANUFACTURING FACILITY II
TO COMMENCE FULL-CAPACITY OPERATIONS AT FACILITY II
FACILITY APPROVED FOR 100% RESUMPTION OF OPERATIONS
Source text: ID:nBSE4JWRsj
Further company coverage: AETH.NS
(([email protected];;))
India's Aether Industries rises on commissioning solar power project
** Shares of specialty chemicals maker Aether Industries AETH.NS rise as much as 2.9% to 895 rupees
** Co says 15 MW solar project to power its manufacturing facilities is now operational
** Says the project is expected to deliver annual energy cost savings exceeding 150 mln rupees ($1.8 mln)
** Avg rating of five analysts equivalent of "buy", median PT is 1,104 rupees - LSEG data
** Rival SRF SRFL.NS rated "hold" - LSEG
** AETH down 0.2% YTD, SRFL down 9.2%
($1 = 85.4940 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of specialty chemicals maker Aether Industries AETH.NS rise as much as 2.9% to 895 rupees
** Co says 15 MW solar project to power its manufacturing facilities is now operational
** Says the project is expected to deliver annual energy cost savings exceeding 150 mln rupees ($1.8 mln)
** Avg rating of five analysts equivalent of "buy", median PT is 1,104 rupees - LSEG data
** Rival SRF SRFL.NS rated "hold" - LSEG
** AETH down 0.2% YTD, SRFL down 9.2%
($1 = 85.4940 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Aether Industries Sept-Quarter Consol Net Profit 348 Million Rupees
Oct 18 (Reuters) - Aether Industries Ltd AETH.NS:
SEPT-QUARTER CONSOL NET PROFIT 348 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.99 BILLION RUPEES
Further company coverage: AETH.NS
(([email protected];))
Oct 18 (Reuters) - Aether Industries Ltd AETH.NS:
SEPT-QUARTER CONSOL NET PROFIT 348 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.99 BILLION RUPEES
Further company coverage: AETH.NS
(([email protected];))
Aether Industries Commissions Further 5 MW Solar Power Project Facility
Oct 17 (Reuters) - Aether Industries Ltd AETH.NS:
COMMISSIONs OF FURTHER 5 MW SOLAR POWER PROJECT FACILITY
Source text for Eikon: ID:nBSE3l3m3N
Further company coverage: AETH.NS
(([email protected];))
Oct 17 (Reuters) - Aether Industries Ltd AETH.NS:
COMMISSIONs OF FURTHER 5 MW SOLAR POWER PROJECT FACILITY
Source text for Eikon: ID:nBSE3l3m3N
Further company coverage: AETH.NS
(([email protected];))
Aether Industries To Raise Funds Upto 13 Billion Rupees
July 19 (Reuters) - Aether Industries Ltd AETH.NS:
TO RAISE FUNDS UPTO 13 BILLION RUPEES
JUNE-QUARTER CONSOL NET PROFIT 299.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.8 BILLION RUPEES
Source text for Eikon: ID:nBSE60NSPz
Further company coverage: AETH.NS
(([email protected];))
July 19 (Reuters) - Aether Industries Ltd AETH.NS:
TO RAISE FUNDS UPTO 13 BILLION RUPEES
JUNE-QUARTER CONSOL NET PROFIT 299.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.8 BILLION RUPEES
Source text for Eikon: ID:nBSE60NSPz
Further company coverage: AETH.NS
(([email protected];))
India's Aether Industries hits over 8-mth high on supply deal with Baker Hughes
** Shares of specialty chemicals makers Aether Industries AETH.NS rise as much as 8.8% to 973 rupees, highest level since Oct. 9, 2023
** Shares last up 4.1%
** AETH signed a strategic supply agreement with Baker Hughes BKR.O
** Six products will be made by AETH for first time in India, to be supplied to Baker Hughes' global facilities
** More than 695,000 shares change hands in the busiest trading session since Dec. 19, 2023
** AETH has gained in four of the last five sessions
** Stock up 5% YTD
(Reporting by Anisha Ajith in Bengaluru)
(([email protected];))
** Shares of specialty chemicals makers Aether Industries AETH.NS rise as much as 8.8% to 973 rupees, highest level since Oct. 9, 2023
** Shares last up 4.1%
** AETH signed a strategic supply agreement with Baker Hughes BKR.O
** Six products will be made by AETH for first time in India, to be supplied to Baker Hughes' global facilities
** More than 695,000 shares change hands in the busiest trading session since Dec. 19, 2023
** AETH has gained in four of the last five sessions
** Stock up 5% YTD
(Reporting by Anisha Ajith in Bengaluru)
(([email protected];))
Aether Industries Says GPCB Revokes Closure Order; Resumption Of Ops At Manufacturing Facility II
May 23 (Reuters) - Aether Industries Ltd AETH.NS:
REVOCATION ORDER FROM GPCB FOR RESUMPTION OF OPERATIONS AT MANUFACTURING FACILITY II
CO WILL NOW COMMENCE OPERATIONS FOR 75% CAPACITY AT MANUFACTURING FACILITY II
Source text for Eikon: [ID:]
Further company coverage: AETH.NS
(([email protected];))
May 23 (Reuters) - Aether Industries Ltd AETH.NS:
REVOCATION ORDER FROM GPCB FOR RESUMPTION OF OPERATIONS AT MANUFACTURING FACILITY II
CO WILL NOW COMMENCE OPERATIONS FOR 75% CAPACITY AT MANUFACTURING FACILITY II
Source text for Eikon: [ID:]
Further company coverage: AETH.NS
(([email protected];))
Aether Industries March-Quarter Consol Posts Net Loss Versus Profit
May 21 (Reuters) - Aether Industries Ltd AETH.NS:
MARCH-QUARTER CONSOL NET LOSS 14.3 MILLION RUPEES VERSUS PROFIT 375.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.84 BILLION RUPEES
Source text for Eikon: ID:nNSE5b66y5
Further company coverage: AETH.NS
(([email protected];))
May 21 (Reuters) - Aether Industries Ltd AETH.NS:
MARCH-QUARTER CONSOL NET LOSS 14.3 MILLION RUPEES VERSUS PROFIT 375.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.84 BILLION RUPEES
Source text for Eikon: ID:nNSE5b66y5
Further company coverage: AETH.NS
(([email protected];))
Aether Industries Says Novoloop And Co Achieve Continuous Ops Of Pilot Plant
April 10 (Reuters) - Aether Industries Ltd AETH.NS:
NOVOLOOP AND AETHER ACHIEVE CONTINUOUS OPERATIONS OF PILOT PLANT
Source text for Eikon: ID:nBSE5bCv9X
Further company coverage: AETH.NS
(([email protected];;))
April 10 (Reuters) - Aether Industries Ltd AETH.NS:
NOVOLOOP AND AETHER ACHIEVE CONTINUOUS OPERATIONS OF PILOT PLANT
Source text for Eikon: ID:nBSE5bCv9X
Further company coverage: AETH.NS
(([email protected];;))
Aether Industries Gets Show-Cause Notice With Financial Implication
April 2 (Reuters) - Aether Industries Ltd AETH.NS:
GETS SHOW-CAUSE NOTICE WITH FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE6W1W3B
Further company coverage: AETH.NS
(([email protected];;))
April 2 (Reuters) - Aether Industries Ltd AETH.NS:
GETS SHOW-CAUSE NOTICE WITH FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE6W1W3B
Further company coverage: AETH.NS
(([email protected];;))
Aether Industries Says Commencement Of Commercial Operation By Unit
March 29 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - COMMENCEMENT OF COMMERCIAL OPERATION BY UNIT
Source text for Eikon: ID:nBSE7z1PGb
Further company coverage: AETH.NS
(([email protected];))
March 29 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - COMMENCEMENT OF COMMERCIAL OPERATION BY UNIT
Source text for Eikon: ID:nBSE7z1PGb
Further company coverage: AETH.NS
(([email protected];))
India's Aether Industries falls after Q3 profit drop
** Shares of Aether Industries AETH.NS down 2.6% at 861 rupees, easing from a slide of as much as 7.8%
** Specialty chemicals maker reported 50% drop in Q3 profit, while rev fell 8.2% Y/Y
** Avg rating of five analysts equivalent of "strong buy", median PT is 1,117 rupees - LSEG data
** Stock fell 8.4% in Dec-qtr, its second straight quarterly fall
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Aether Industries AETH.NS down 2.6% at 861 rupees, easing from a slide of as much as 7.8%
** Specialty chemicals maker reported 50% drop in Q3 profit, while rev fell 8.2% Y/Y
** Avg rating of five analysts equivalent of "strong buy", median PT is 1,117 rupees - LSEG data
** Stock fell 8.4% in Dec-qtr, its second straight quarterly fall
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Aether Industries Gets Partial Revocation of Closure For Manufacturing Facility in Surat
Jan 8 (Reuters) - Aether Industries Ltd AETH.NS:
INTIMATION OF PARTIAL REVOCATION FROM GPCB FOR UNAFFECTED AREAS AT MANUFACTURING FACILITY 2
REMAINING OPERATIONS AT OTHER MANUFACTURING FACILITIES (1 AND 3) ARE NORMAL
CAPEX PROJECTS FOR THREE GREENFIELD MANUFACTURING FACILITIES MOVING AHEAD AS PER PLAN
Source text for Eikon: ID:nBSE8nW1wL
Further company coverage: AETH.NS
(([email protected];))
Jan 8 (Reuters) - Aether Industries Ltd AETH.NS:
INTIMATION OF PARTIAL REVOCATION FROM GPCB FOR UNAFFECTED AREAS AT MANUFACTURING FACILITY 2
REMAINING OPERATIONS AT OTHER MANUFACTURING FACILITIES (1 AND 3) ARE NORMAL
CAPEX PROJECTS FOR THREE GREENFIELD MANUFACTURING FACILITIES MOVING AHEAD AS PER PLAN
Source text for Eikon: ID:nBSE8nW1wL
Further company coverage: AETH.NS
(([email protected];))
Aether Industries Got Show-Cause Notice From GST Authority
Dec 28 (Reuters) - Aether Industries Ltd AETH.NS:
CO GOT SHOW-CAUSE NOTICE FROM GST AUTHORITY
SHOW-CAUSE NOTICE FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE44Wjgv
Further company coverage: AETH.NS
(([email protected];;))
Dec 28 (Reuters) - Aether Industries Ltd AETH.NS:
CO GOT SHOW-CAUSE NOTICE FROM GST AUTHORITY
SHOW-CAUSE NOTICE FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE44Wjgv
Further company coverage: AETH.NS
(([email protected];;))
Aether Industries Executes Agreement With Global Lithium-Ion Battery Producer
Dec 19 (Reuters) - Aether Industries Ltd AETH.NS:
EXECUTES AGREEMENT WITH GLOBAL LITHIUM-ION BATTERY PRODUCER TO ANNOUNCE ENTRY IN ELECTROLYTE ADDITIVES SPACE
AGREEMENT INCLUDES COMMERCIAL SUPPLY FINALIZATION OF ONE SPECIFIC ELECTROLYTE ADDITIVE
Source text for Eikon: ID:nBSE4B8PjQ
Further company coverage: AETH.NS
(([email protected];))
Dec 19 (Reuters) - Aether Industries Ltd AETH.NS:
EXECUTES AGREEMENT WITH GLOBAL LITHIUM-ION BATTERY PRODUCER TO ANNOUNCE ENTRY IN ELECTROLYTE ADDITIVES SPACE
AGREEMENT INCLUDES COMMERCIAL SUPPLY FINALIZATION OF ONE SPECIFIC ELECTROLYTE ADDITIVE
Source text for Eikon: ID:nBSE4B8PjQ
Further company coverage: AETH.NS
(([email protected];))
Aether Industries Says Only Plant 2 Of Manufacturing Facility 2 Affected In Fire
Dec 4 (Reuters) - Aether Industries Ltd AETH.NS:
UPDATE ON FIRE INCIDENT
AFFECTED PREMISES ARE PLANT 2 OF MANUFACTURING FACILITY 2
MANUFACTURING FACILITY 1 AND MANUFACTURING FACILITY 3 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
RECEIVING ORDERS AS ROUTINE FROM OUR CUSTOMERS
Source text for Eikon: ID:nBSE5vVyPC
Further company coverage: AETH.NS
(([email protected];))
Dec 4 (Reuters) - Aether Industries Ltd AETH.NS:
UPDATE ON FIRE INCIDENT
AFFECTED PREMISES ARE PLANT 2 OF MANUFACTURING FACILITY 2
MANUFACTURING FACILITY 1 AND MANUFACTURING FACILITY 3 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
RECEIVING ORDERS AS ROUTINE FROM OUR CUSTOMERS
Source text for Eikon: ID:nBSE5vVyPC
Further company coverage: AETH.NS
(([email protected];))
India's Aether Industries ordered to shut production at blast affected site
BENGALURU, Dec 1 (Reuters) - Indian specialty chemicals maker Aether Industries AETH.NS said on Friday that it was ordered to stop production at its blast affected site in Surat by the state pollution control board of Gujarat until further instructions.
A storage tank blast killed seven people and injured 24 at one of the company's plants in the western port city, Aether Industries confirmed on Thursday.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)
(([email protected];))
BENGALURU, Dec 1 (Reuters) - Indian specialty chemicals maker Aether Industries AETH.NS said on Friday that it was ordered to stop production at its blast affected site in Surat by the state pollution control board of Gujarat until further instructions.
A storage tank blast killed seven people and injured 24 at one of the company's plants in the western port city, Aether Industries confirmed on Thursday.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)
(([email protected];))
Blast at Indian chemical plant kills seven, injures 24
By Sumit Khanna
AHMEDABAD, Nov 30 (Reuters) - A storage tank blast killed seven people and injured 24 at a plant of Indian specialty chemicals maker Aether Industries AETH.NS in the western port city of Surat, police said on Thursday.
The cause of the explosion early on Wednesday has yet to be determined, said city fire official Omprakash Mishra, although a fire it started had been put out.
"We have found seven dead bodies from the factory," J R Chaudhari, a police officer based near the site of the blast in Gujarat state, told Reuters, adding that authorities were now calling off a search for missing workers.
Twenty-four injured workers were being treated in hospital, Mishra added.
Shares of Aether Industries fell as much as 1.9% on Thursday, after news of the fire drove them down 8.4% the previous day.
(Reporting by Sumit Khanna in Ahmedabad; writing by Chris Thomas)
(([email protected];))
By Sumit Khanna
AHMEDABAD, Nov 30 (Reuters) - A storage tank blast killed seven people and injured 24 at a plant of Indian specialty chemicals maker Aether Industries AETH.NS in the western port city of Surat, police said on Thursday.
The cause of the explosion early on Wednesday has yet to be determined, said city fire official Omprakash Mishra, although a fire it started had been put out.
"We have found seven dead bodies from the factory," J R Chaudhari, a police officer based near the site of the blast in Gujarat state, told Reuters, adding that authorities were now calling off a search for missing workers.
Twenty-four injured workers were being treated in hospital, Mishra added.
Shares of Aether Industries fell as much as 1.9% on Thursday, after news of the fire drove them down 8.4% the previous day.
(Reporting by Sumit Khanna in Ahmedabad; writing by Chris Thomas)
(([email protected];))
India's Aether Industries drops on fire outbreak at manufacturing unit
** Shares of Aether Industries AETH.NS down as much as 8.44% to 829.1 rupees, their lowest since Dec. 27
** Co hits sharpest intraday pct loss since June 6, 2022
** Specialty chemical manufacturing co says fire was reported at a manufacturing site in western India's Gujarat state
** AETH says roughly 25 people injured; adds, assessment of losses/damages undergoing
** Stock is trading below its 50-, 100-, and 200-day simple moving averages
** Analysts' average rating is equivalent of "buy," their median PT is 1,130 rupees - LSEG data
** About 440,000 shares changed hands, 6.0x the 30-day average
** Stock last down 7.2%
(Reporting by Manvi Pant)
(([email protected]; +918447554364;))
** Shares of Aether Industries AETH.NS down as much as 8.44% to 829.1 rupees, their lowest since Dec. 27
** Co hits sharpest intraday pct loss since June 6, 2022
** Specialty chemical manufacturing co says fire was reported at a manufacturing site in western India's Gujarat state
** AETH says roughly 25 people injured; adds, assessment of losses/damages undergoing
** Stock is trading below its 50-, 100-, and 200-day simple moving averages
** Analysts' average rating is equivalent of "buy," their median PT is 1,130 rupees - LSEG data
** About 440,000 shares changed hands, 6.0x the 30-day average
** Stock last down 7.2%
(Reporting by Manvi Pant)
(([email protected]; +918447554364;))
Aether Industries Approved Raising Of Funds
June 19 (Reuters) - Aether Industries Ltd AETH.NS:
APPROVED RAISING OF FUNDS
TO RAISE FUNDS VIA ISSUE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT
FUNDRAISE FLOOR PRICE FOR ISSUE AT 984.90 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nBSEbYJrY
Further company coverage: AETH.NS
(([email protected];))
June 19 (Reuters) - Aether Industries Ltd AETH.NS:
APPROVED RAISING OF FUNDS
TO RAISE FUNDS VIA ISSUE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT
FUNDRAISE FLOOR PRICE FOR ISSUE AT 984.90 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nBSEbYJrY
Further company coverage: AETH.NS
(([email protected];))
India's Aether Industries hits record high on signing deal with Aramco
** Shares of specialty chemicals maker Aether Industries Ltd AETH.NS jump as much as 7.4% to record high of 1,055 rupees
** AETH says it signs licence agreement with Saudi Aramco Technologies Company for commercialisation of sustainable polyols technology
** About 282,651 shares change hands by 9:38 a.m. IST, 4x the 30-day avg - Refinitiv Data
** Stock up ~17% YTD as of last close
(Reporting by Priya Sagar in Bengaluru)
** Shares of specialty chemicals maker Aether Industries Ltd AETH.NS jump as much as 7.4% to record high of 1,055 rupees
** AETH says it signs licence agreement with Saudi Aramco Technologies Company for commercialisation of sustainable polyols technology
** About 282,651 shares change hands by 9:38 a.m. IST, 4x the 30-day avg - Refinitiv Data
** Stock up ~17% YTD as of last close
(Reporting by Priya Sagar in Bengaluru)
India's Aether Industries jumps most in 8 mths on partnership
** Shares of Aether Industries Ltd AETH.NS rise as much as 9.9% to 1,022 rupees, their biggest intraday pct gain since Oct. 6
** AETH late on Wednesday said it executed letter of intent with U.S.-based oil field services firm to manufacture 4 products for customer
** Specialty chemicals maker sees revenue potential of 3 billion rupees ($36.33 million) per annum from partnership
** Stock surges above its 50-day simple moving average price of 927.86 rupees
** More than 325,000 shares change hands by 11:38 a.m. IST, over 6x their 30-day avg volume
** Stock pares some gains, last up 5.8%; YTD, stock up 17.2%
($1 = 82.5700 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Aether Industries Ltd AETH.NS rise as much as 9.9% to 1,022 rupees, their biggest intraday pct gain since Oct. 6
** AETH late on Wednesday said it executed letter of intent with U.S.-based oil field services firm to manufacture 4 products for customer
** Specialty chemicals maker sees revenue potential of 3 billion rupees ($36.33 million) per annum from partnership
** Stock surges above its 50-day simple moving average price of 927.86 rupees
** More than 325,000 shares change hands by 11:38 a.m. IST, over 6x their 30-day avg volume
** Stock pares some gains, last up 5.8%; YTD, stock up 17.2%
($1 = 82.5700 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
India's Aether Industries up; JM Financial starts coverage with "buy"
** Shares of Aether Industries Ltd AETH.NS rise as much as 1.8% to 933.90 rupees, their highest since May 15
** JM Financial Research initiates coverage of the specialty chemical maker with a "Buy" rating and target price of 1,080 rupees, citing its relatively lower scale along with its "strong research and development backbone"
** Brokerage estimates AETH's revenue compound annual growth rate (CAGR) of 36% over FY23-26 on growth in its large scale and contract manufacturing verticals; sees EBITDA CAGR of 38%, supported by process synergies, lower power cost and launch of several high-end products
** About 14,448 shares change hands by 11:45 a.m. IST, 0.3x the 30-day avg of 54,539 shares - Refinitiv Data
** Stock trading above its 50-, 100-, and 200-day exponential moving averages
** If trends hold, stock on track to advance for third consecutive session
** Stock up 9.4% YTD as of last close
(Reporting by Priya Sagar in Bengaluru)
** Shares of Aether Industries Ltd AETH.NS rise as much as 1.8% to 933.90 rupees, their highest since May 15
** JM Financial Research initiates coverage of the specialty chemical maker with a "Buy" rating and target price of 1,080 rupees, citing its relatively lower scale along with its "strong research and development backbone"
** Brokerage estimates AETH's revenue compound annual growth rate (CAGR) of 36% over FY23-26 on growth in its large scale and contract manufacturing verticals; sees EBITDA CAGR of 38%, supported by process synergies, lower power cost and launch of several high-end products
** About 14,448 shares change hands by 11:45 a.m. IST, 0.3x the 30-day avg of 54,539 shares - Refinitiv Data
** Stock trading above its 50-, 100-, and 200-day exponential moving averages
** If trends hold, stock on track to advance for third consecutive session
** Stock up 9.4% YTD as of last close
(Reporting by Priya Sagar in Bengaluru)
India's Aether Industries loses over 4% on block deal
** Shares of Aether Industries Ltd AETH.NS fall as much as 4.37% to 925 rupees, a three-week low
** Decline after 155,274 shares of specialty chemicals maker change hands in a block as of 1:48 p.m. IST, at a price of 932 rupees per share
** Stock most active in four months, with trading volume of 257,860 shares as of 1:49 p.m. IST, more than five times the 30-day avg - Refinitiv data
** Moving average convergence (MACD) reverses below the signal line after three sessions, suggesting bearish bias
** Stock has lost over 6% over the last two sessions despite reporting rise in net profit in March quarter
** AETH had risen in the previous five sessions ahead of the earnings, adding over 6% over the period
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Aether Industries Ltd AETH.NS fall as much as 4.37% to 925 rupees, a three-week low
** Decline after 155,274 shares of specialty chemicals maker change hands in a block as of 1:48 p.m. IST, at a price of 932 rupees per share
** Stock most active in four months, with trading volume of 257,860 shares as of 1:49 p.m. IST, more than five times the 30-day avg - Refinitiv data
** Moving average convergence (MACD) reverses below the signal line after three sessions, suggesting bearish bias
** Stock has lost over 6% over the last two sessions despite reporting rise in net profit in March quarter
** AETH had risen in the previous five sessions ahead of the earnings, adding over 6% over the period
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Aether Industries To Consider Proposal For Raising Funds
April 26 (Reuters) - Aether Industries Ltd AETH.NS:
TO CONSIDER PROPOSAL FOR RAISING FUNDS
Source text for Eikon: ID:nBSE3y7nbr
Further company coverage: AETH.NS
(([email protected];))
April 26 (Reuters) - Aether Industries Ltd AETH.NS:
TO CONSIDER PROPOSAL FOR RAISING FUNDS
Source text for Eikon: ID:nBSE3y7nbr
Further company coverage: AETH.NS
(([email protected];))
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What does Aether Industries do?
Aether Industries Limited, based in Surat, specializes in advanced intermediates and specialty chemicals for pharmaceutical, agrochemical, material science, and oil and gas sectors, offering CRAMS and manufacturing services with advanced technology.
Who are the competitors of Aether Industries?
Aether Industries major competitors are AMI Organics, Supriya Lifescience, Jubilant Ingrevia, Archean Chem Inds, Chemplast Sanmar, GHCL, Laxmi Organic Inds.. Market Cap of Aether Industries is ₹10,319 Crs. While the median market cap of its peers are ₹7,092 Crs.
Is Aether Industries financially stable compared to its competitors?
Aether Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Aether Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Aether Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Aether Industries allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Aether Industries balance sheet?
Balance sheet of Aether Industries is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Aether Industries improving?
The profit is oscillating. The profit of Aether Industries is ₹107 Crs for TTM, ₹82.49 Crs for Mar 2024 and ₹130 Crs for Mar 2023.
Is the debt of Aether Industries increasing or decreasing?
Yes, The debt of Aether Industries is increasing. Latest debt of Aether Industries is -₹189.22 Crs as of Dec-24. This is greater than Mar-24 when it was -₹942.56 Crs.
Is Aether Industries stock expensive?
Aether Industries is not expensive. Latest PE of Aether Industries is 96.71, while 3 year average PE is 107. Also latest EV/EBITDA of Aether Industries is 58.98 while 3yr average is 69.11.
Has the share price of Aether Industries grown faster than its competition?
Aether Industries has given lower returns compared to its competitors. Aether Industries has grown at ~-11.18% over the last 2yrs while peers have grown at a median rate of 13.62%
Is the promoter bullish about Aether Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Aether Industries is 81.77% and last quarter promoter holding is 81.77%.
Are mutual funds buying/selling Aether Industries?
The mutual fund holding of Aether Industries is decreasing. The current mutual fund holding in Aether Industries is 10.67% while previous quarter holding is 10.73%.