Business

This multibagger stock gave more than 1,400% return in 3 years, investors became rich

Multibagger Stock Tips: The stock of Alkyl Amines Chemicals has given 353 per cent return to its shareholders in the last 12 months. The stock was at Rs 909.5 on July 27, 2020. Exactly a year later, the stock reached Rs 4,490. There was an increase of 353 percent during this period. In comparison, the Sensex rose 39 per cent in a year. Rs 5 lakh invested in this stock a year ago would have become Rs 24.68 lakh today.

The stock has gained 1,497 percent in the last three years and 2,874 percent in the last five years. It has also more than doubled in the first six months of 2021. Experts believe that amine manufacturers are expected to do well due to the rapid scale up in vaccine manufacturing.

The company reported a standalone profit of Rs 92.60 crore for the quarter ended March 2021. The profit in the year-ago period was Rs 49.21 crore. Revenue from operations grew 63 per cent to Rs 382.13 crore in the March-ended quarter, from Rs 234.77 crore a year ago. EPS increased to Rs 45.36 in March 2021 from Rs 24.13 in March 2020.

Alkyl Amines Chemicals is in the business of manufacturing and marketing various Aliphatic Amines, Amine Derivatives and other specialty chemicals. The company has three manufacturing sites with 12 production plants and associated utilities at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat. The company has an R&D center at Hadapsar, Pune.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who hails from Uttarakhand. Shivam is a professional full time Digital Marketing and PR expert with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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