1,250 per cent multibagger returns: Bio-Disel Company Bags Orders Worth Rs 564 Crore From IOCL; BPCL & HPCL; Stock Jumps 19.96 Per Cent
The stock is up by 57 per cent from its 52-week low of Rs 742.50 per share and gave multibagger returns of 1,250 per cent in just 3 years.
Kotyark Industries Limited is a leading player in India's renewable energy sector, specializing in the production of biodiesel. The company is committed to promoting sustainable practices and reducing carbon emissions. Recently, Kotyark secured a significant contract to supply 48,381 KL of biodiesel to major Oil Marketing Companies (OMCs) in India, including Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited. (BPCL). This achievement underscores the company's position as a key player in the renewable fuel industry and its contribution to India's green energy initiatives.
By winning this substantial contract, valued at approximately Rs 564 crore, Kotyark Industries is poised to further strengthen its market position and drive growth. The company's focus on innovation, quality, and sustainability enables it to deliver high-quality biodiesel that meets the evolving needs of the market. As India continues to prioritize clean energy solutions, Kotyark is well-positioned to capitalize on emerging opportunities and contribute to a greener future.
On Thursday, shares of Kotyark Industries Ltd gained 19.96 per cent to Rs 1,164 per share from its previous closing of Rs 970.35 per share. The stock’s 52-week high is Rs 1,582 per share and its 52-week low is Rs 742.50 per share.
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Kotyark Industries Limited, incorporated in 2016, is engaged in the manufacturing of biodiesel and its by-products, and is one of the key players across the state of Rajasthan in India. The Company focuses on green energy and sustainable development of renewable resources (biofuel) through the adoption of environmentally friendly technology. It’s manufacturing unit at Swaroopganj, District Sirohi, RICCO, Rajasthan has a capacity of producing 500 KL of biodiesel per day from multi feedstock.
The shares of the company have an ROE of 21 per cent and an ROCE of 24 per cent. The stock is up by 57 per cent from its 52-week low of Rs 742.50 per share and gave multibagger returns of 1,250 per cent in just 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.