This low-price speciality chemical stock just made fresh 52 week-high for itself

Archit Organosys is buzzing on the bourses after gaining more than 15 per cent in the past one month. The stock, technically in good shape, is currently trading above its important moving averages.

Archit Organosys is buzzing on the bourses after gaining more than 15 per cent in the past one month. The stock, technically in good shape, is currently trading above its important moving averages. The financial trend in the stock is positive and the company had reported profits in December 2020 after declaring losses in December 2019 quarter. 

Trading at a P/E multiple of 20, this low-price speciality chemical stock made a fresh 52-week high for itself on Tuesday. With highest quarterly PAT declared and revenue growth in excess of 38 per cent, aided by technical indicators, the stock can breach its resistance levels and make fresh 52-week highs in the coming weeks.  

Archit Organosys is a chemical manufacturing and trading company, producing a variety of organic chemicals, pigments, speciality derivatives, adhesives & sealants. Its product range includes Monochloroacetic Acid (MCA), Sodium Monochloro Acetate (SMCA) along with pigment and shade card.  

On a YTD basis, the stock is up by 84 per cent while in one year, it has gained by more than 56 per cent.