This multibagger chemical stock increased from Rs 100 to Rs 1000 in 6 years, do you have it?
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Multibagger stock: Amidst the discussion of the chemical sector in the primary market, some stocks of this sector have proved to be milestones. Shares of Aarti Industries are one of them. Multibagger stock touched the 4-digit mark yesterday (October 4) and today it has reached its new lifetime high of Rs 1,071.55 on NSE. It took almost 6 years for the chemical stock to travel from Rs 100 to Rs 1000 per stock. However, stock market experts are still bullish on this chemical counter.
According to stock market experts, this multibagger stock is still looking bullish and can go up to Rs 1150 per equity stock level in the short term. He said that with the demand in the domestic market, the plants of Aarti Industries are running at high utilization level, indicating a strong future growth outlook.
Aarti Industries share price history
This stock was one of the penny stocks until the beginning of 2014. But, from February 2014, this penny stock from the chemical space started showing a sharp jump. From March to September 2014, it increased from Rs 22 (Closing Price on 14 February 2014 on NSE) to Rs 70.70 on NSE (Closing Price on 19 December 2014). After that the stock continued to rise. It achieved triple digit figures for the first time in July 2015, beating the penny stock tag.
Multibagger Chemicals stock continued its rally and continued to rise in the coming trading sessions. Finally, on 4 October 2021, this chemical stock crossed the Rs 1000 mark on closing basis giving a fresh breakout for the investors.
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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