Multibagger Alert: Kotyark Industries hits upper circuit; doubles in less than a month!

The company’s stock price has skyrocketed 151.38 per cent over the last one month, often hitting the upper circuit on a regular basis.

Kotyark Industries has recently informed the exchange that it has shown its interest to the District Magistrate and Collector of Jaisalmer, Rajasthan for purchasing land for the plantation of non-edible vegetable oil seeds which will be used as a raw material for manufacturing biodiesel. It is considered a green renewable fuel and does not emit any carbon emission. District Collector of Jaisalmer, Government of Rajasthan has confirmed vide their acknowledgement letter that they shall facilitate for setting up the project in the state.

Kotyark Industries Limited is serving towards renewable green energy and sustainable development of renewable natural resources (biofuels) and through the adoption of environmentally friendly technology that favours the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport as well as various equipment and Gen Sets. The company has created facilities for manufacturing biodiesel with a manufacturing capacity of 100,000 KL per month from multi feedstock at the Swraoopganj, RICCO, Rajasthan in North India.

They are positioned as a socially responsible entity as it has a zero discharge in terms of effluents. The company is focusing efforts in examining plans to create large capacities by setting up similar plants being ventures globally either on a standalone basis or as Joint Ventures as required. They look to the future in being a responsible and meaningful force in the field of biofuels.

The company’s stock price has skyrocketed 151.38 per cent over the last one month, often hitting the upper circuit on a regular basis. Over the previous week, its scrip has managed to surge 27.56 per cent.

On Monday, shares of Kotyark Industries froze at a 5 per cent upper circuit, recording a fresh 52-week high of Rs 222.60 per share.

Keep a close eye on this counter for more action!