423 Per Cent Multibagger Returns: Industrials Valves Manufacturer’s Stock Hit Upper Circuit; Here’s Why
The stock gave multibagger returns of 423 per cent from its 52-week low of Rs 44 per share.
On Wednesday, shares of Chemtech Industrial Valves Ltd jumped a 5 per cent upper circuit to Rs 229.95 per share from its previous closing of Rs 219 per share. The stock’s 52-week high is Rs 326 per share and its 52-week low is Rs 44 per share. The shares of the company saw a spurt in volume by more than 1.89 times on BSE.
Chemtech Industrial Valves Ltd (CIVL), a trusted name in industrial valve solutions, achieved a milestone by supplying a DN 1600 MM Goggle Valve to a leading integrated steel plant in India. This massive valve, weighing 25 metric tons, is designed with full automation capabilities and will serve a vital role in the plant’s mixed gas applications involving blast furnace gas and coke oven gas. As a repeat order from the same client, this delivery underscores CIVL's reputation for providing reliable and man-safe isolation solutions. Over the past seven years, CIVL has solidified its leadership in the steel industry, establishing itself as the go-to provider for critical valves like the Goggle Valve, ensuring 100% safe isolation for industrial operations.
CIVL also successfully commissioned multiple Goggle Valves and Double Disc Gate Valves at a gas mixing station for another large integrated steel plant. These installations highlight the company's expertise in delivering plug-and-play solutions with advanced automation features, including hydraulic and electrical control systems. CIVL's comprehensive post-supply support, including on-site commissioning, ensures seamless integration and optimal performance. This dedication to innovation and customer satisfaction reinforces CIVL's position as a reliable partner in meeting the rigorous demands of modern industrial processes.
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About Chemtech Industrial Valves Limited
Chemtech Industrial Valves Ltd, founded in 1997, is a Thane-based Industrial Valves Manufacturer serving the Steel / Power / Oil & Gas / Water / Fertilizer Sectors in India & Overseas. The Company focuses on Large Diameter Gas Line Valves & on providing Innovative Solutions that solve end-user pain points in various Industrial Sectors. The company has a World Class Manufacturing Facility at Wada, 50 km from Mumbai.
The company has a market cap of Rs 389.47 crore. The stock gave multibagger returns of 423 per cent from its 52-week low of Rs 44 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.