Multibagger Stock: Investors investing in the market are always on the lookout for the multibagger. In the midst of the market rally, there are many such stocks which have outperformed the index this year. Yasho Industries of the specialty chemical sector has a share in this episode. In this era of coronavirus infection, the demand for chemical stocks has increased significantly.
The shares of Yasho Industries have given a return of 392% in the last one year. Talking about this year so far, the shares of Yasho Industries have given a return of 300%. Earlier this year, the share price of Yasho Industries was Rs 160, which closed at Rs 645 on 9 September.
What does the company do?
Yasho Industries manufactures a wide variety of chemicals. This company gives its product to five important sectors. These include specialty chemicals, aroma chemicals, food antioxidants, rubber accelerators and lubricant additives. Yasho Industries’ plant is located in Vapi, Gujarat. Its capacity is 9200 MTPA. Yasho Industries is the leader company in the Food Antioxidant and Aroma Chemical segment.
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At the same time, it is an emerging company in rubber and specialty chemicals. The dominance of Yasho Industries is increasing in the domestic and global market. Its international business is spread over 42 countries around the world. It includes many countries including Europe, America, Middle East and Asia. The shares of Yasho Industries are listed in the SME category of BSE.
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Since 2020, the focus has increased on specialty chemical companies. The income and profit of these companies have increased in the last one year. It is expected that in the next 5 years, India’s share in the chemical industry will double.
Today, on Monday, September 13, there is a good light in the chemical stocks in the market. , NOCIL, LAXMI ORGANICS, BALAJI AMINES applied ALL TIME HIGH. KANORIA CHEMICAL has run 20% in a month. After the corona epidemic, the demand for chemical stocks has increased. So the shares of this sector are running fast.
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