Multibagger Alert: Only buyers in this chemical manufacturing company

The shares of Vishnu Chemicals ltd are up by ~5 per cent, locked in the upper circuit on an intraday basis, in Monday trading session. 

The share price of Vishnu Chemicals has soared by more than 240 per cent in 2021 alone. In past one month the shares of Vishnu Chemicals have jumped higher by more than 12 per cent while in one year the stock is up by more than 351 per cent. 

The chemical industry is booming in India as the global supply chain industry looks forward to India for the ‘China-plus-one’ strategy. The chemical industry in India is one of the biggest beneficiaries of this global development.

Vishnu Chemicals Ltd (VCL) is India’s largest manufacturer of Chromium and Barium compounds. Vishnu Chemicals is one of the low-cost manufacturers with its products having varied applications across 20 sectors viz., Leather, Pharma, Paints, Tiles, Glass, Wood preservatives etc. 

Vishnu Chemicals is banking on its expansion strategy for growth. The backward integration strategy adopted is expected to help improve the profit margins. With capacity expansion and expected improvement in the cash flows, Vishnu Chemicals finds itself in sweet spot where the growth is a given.

Vishnu Chemicals should be on Investors watchlist!