Revision in lot size for this multibagger green energy stock that generated 1,115 per cent returns in just one year; check details here!

The most significant development is that the Central Government has mandated biodiesel blends into fossil fuels for all OMCs.

On an intraday basis on Tuesday, shares of Kotyark Industries surged to Rs 588.70 on the NSE in an otherwise weak market after the exchange announced that the lot size of the security has been reviewed and will now be of 200 shares rather than 400, with effect from November 9, 2022. The stock soared as a result of continuous buying, providing shareholders exceptional returns of more than 1,115 per cent in just one year! 

Recently, Kotyark Industries received numerous orders from HPCL, BPCL and IOCL. Kotyark Industries has already informed NSE about the planned merger with Yamuna Bio Energy. The most significant development is that the Central Government has mandated biodiesel blends into fossil fuels for all OMCs. 

In terms of annual performance, Kotyark Industries' net profit climbed 726.70 per cent to Rs 8.64 crore from Rs 1.04 crore in the previous year that ended in March 2021. Additionally, its net sales surged 139.31 per cent to Rs 156.05 crore from Rs 65.21 crore in the year that ended in March 2021.     

Incorporated in 2016, Kotyark Industries Ltd is engaged in the manufacturing of biodiesel and its byproducts. The company focuses on green energy and sustainable development of renewable resources through the adoption of environment-friendly technology.     

Keep a close eye on this scrip considering the promising long-term outlook for the sector and the excellent opportunities that Kotyark Industries has lined up.