High Return Stock: Indian stock markets are at a record high at the moment. Many stocks across sectors have given tremendous returns this year and have proved themselves to be multibaggers. Out of this, chemical stocks have given amazing returns due to better outlook, spurt in demand.
High Return Stock: Indian stock markets are currently at a record high. Many stocks across sectors have given tremendous returns this year and have proved themselves to be multibaggers. Out of this, chemical stocks have given amazing returns due to better outlook, spurt in demand. Chemical sector company Yasho Industries is one such multibagger stock in this sector.
Yasho Industries gave a bumper return
The share of Yasho Industries has given returns up to 392 percent in one year. Its share was at Rs 131 on 10 September 2020, and today it is at Rs 645. If we talk about this year only, it has given more than 300% return so far. In January, this stock was at the level of Rs 160, which has now come to the level of Rs 645 (closing price on Thursday). The company has given a return of 162 percent in the last 6 months.
5 lakh became Rs 24.61 lakh
The people who invested money in this company are sitting on huge profits today. Suppose you had invested one lakh rupees in Yasho Industries a year ago, then its value at today’s share price would have been Rs 4.92 lakh i.e. almost 5 times the return. If someone had invested Rs 5 lakh, then its value would have been Rs 24.61 lakh today.
Know Yasho Industries
Let us tell you that Yasho Industries manufactures many types of chemicals. These chemicals are mainly used in five major industry categories – Specialty Chemicals, Aroma Chemicals, Food Antioxidants, Rubber Accelerators and Lubricant Additives Industries. Its manufacturing units are in Vapi, Gujarat, with a capacity of 9,200 MTPA. Yasho Industries is a leader in the field of Food Antioxidants and Aroma chemicals, and is an emerging player in Rubber and Specialty Chemicals.
Yasho Industries has grown business by serving domestic and global markets with extensive international operations in 42 different countries across Europe, America, Middle East and Asia. The shares of the company are listed on BSE under the SME category.
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