Chemical sector: These multibaggers piqued the interest of investors with stellar returns of up to 400 per cent!

Here is a list of the top chemical sector multi-baggers that impressed investors with their outstanding returns!

The chemical industry in India significantly boosts the national economy. India is the world's third-largest consumer of polymers and the fourth-largest producer of agrochemicals after the United States, Japan, and China. India is ranked sixth in the world for chemical imports and eleventh for chemical exports, excluding pharmaceutical products.  

It is much diversified, spanning more than 80,000 commercial products. The basic organic chemicals, speciality chemicals, Chlor-alkali, fertilisers, pesticides, polymers, dyes, and alcohol-based chemicals make up the chemical industry.  

The government has announced a number of initiatives to support the chemical industry. Hundred per cent of foreign direct investments (FDI) is allowed in the chemical industry, which the government recognises as being crucial to the expansion of the Indian economy. By 2025, the industry is expected to receive investments totalling Rs 8 lakh crore. Over two million people are employed in the chemical industry in India. With a budgetary allocation of Rs 18,100 crore over five years, the government launched the production-linked incentives (PLI) scheme in 2021.   

To further promote bulk drug parks, PLI schemes with a budget of Rs 1,629 crore have been introduced. To encourage investment as well as industrial growth, the Government of India has approved four petroleum, chemical & petrochemical investment regions (PCPIRs) in the states of Andhra Pradesh, Gujarat, Odisha, and Tamil Nadu. In order to facilitate business, the government also supported single window clearance for central and state approvals.   

Here is a list of the top chemical sector multi-baggers that impressed investors with their outstanding returns!    

Data as on September 19, 2022.

Stay tuned to know more about the prospects of various industries and the potential multi-baggers in those areas!