The shares of Sadhana Nitro Chem Limited gave multibagger returns of 4,434.22% in the last five years as they rose from ₹ 2.63 apiece to ₹119.25.
Sadhana Nitro Chem Limited is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals. Further, it is engaged in the business of wireless network equipment and services.
CRISIL said recently that the Indian speciality chemicals industry will outpace its Chinese counterpart and double its share of the global market to 6 per cent by 2026 from 3-4 per cent in fiscal 2021.
Market experts opine that a surge in the demand for speciality chemicals has spurred speciality makers to ramp up their capacity expansion plans. Moreover, this might have attracted investors to invest in Sadhana Nitro Chem.
The stock multiplied investors’ wealth by 45.34 times in the said period. The share price increased from ₹ 2.63 apiece five years ago to ₹119.25 on Tuesday. Those investors who had invested ₹ 1,00,000 in the shares of the company five years ago have holdings worth ₹45,34,220 today.
The shares reached a 52-week high of ₹168.80 on 9th February 2022. At that point, the shares gave multibagger returns of 6318.25% in a period of less than 5 years.
In the past year, the stock has given multibagger returns of 253.75%. Further, the company’s shares gave multibagger returns of 187% in the last six months. This means that if an investor would have invested ₹1,00,000 in the shares of the company about six months ago, they would have had holdings worth ₹ 2,87,000 today!
However, the shares of this small-cap company touched the lower circuit on Tuesday as the shares tanked by 4.98%.
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