Tycoons Keep Stock Market Chemistry Alive
Despite sluggish business, most promoters added wealth.
Despite sluggish business, most promoters added wealth.
For the sector – comprising bulk chemicals, agrochemicals, speciality chemicals, polymers, and petrochemicals – now is the time to embark on the green journey.
The company has signed a deal for the next 5 years with a Japanese speciality chemical firm to supply new age patented life science active ingredients.
The 61-year-old anti-corrosion equipment manufacturer eyes global dominance through technology solutions and a multi-product approach.
Indian chemical industry is set to double size in five years.
India's $212 billion chemical industry is seeing unprecedented growth on the back of consumption economy, niche products, rapid import substitution, and a global geo-strategic demand shift from China.
If there is any non-digital, non-renewables sector that has seen capital investments despite Covid ravaging the economy, chemicals is right on top.
This multibagger stock has given phenomenal returns to investors in the last eight years, with its share price jumping from ₹49 apiece on March 16, 2014, to ₹2,963 today.
Ace investor Shankar Sharma has acquired 4.4% stake in this smallcap company via open market transactions on the BSE.
This midcap stock saw its shares surging from ₹100.8 on January 20, 2017, to ₹2,672 in intraday trade today, delivering 2,521% returns to its shareholders.