Do you own these top chemical multibaggers, which have soared up to 440 per cent year-to-date?
Because of the positive future outlook and the government's emphasis on its expansion, the chemical industry has provided investors with countless multibaggers.
Following the Federal Reserve's aggressive statements which ruined the optimism; global indices tumbled once again amid fears of an economic slowdown. The Federal Reserve hiked interest rates by 75 basis points and hinted at several minor rate hikes in the future.
Equity markets were disappointed in 2022 as investors' bullish mood was missing. Whereas the Indian benchmark indices have gained merely 2-3 per cent year to date, several stocks have outpaced the markets with spectacular returns.
Because of the positive future outlook and the government's emphasis on its expansion, the chemical industry has provided investors with countless multibaggers. Here is a list of the top chemical sector multi-baggers that impressed investors with their outstanding returns!
| Company Name |
YTD Returns (%) |
| Sreechem Resins |
440 |
| Lords Chloro Alkali |
301.09 |
| Jyoti Resins & Adhesives |
241.5 |
| Advance Petrochemicals |
235.26 |
| Gujchem Distillers India |
218.89 |
| Tinna Rubber & Infrastructure |
204.69 |
| Chemcrux Enterprises |
192.77 |
| TGV SRACC Ltd |
162.79 |
| Sunil Healthcare |
162.64 |
| Indokem Ltd |
160.39 |
| Nikhil Adhesives |
158.6 |
| Fineotex Chemical |
141.97 |
| Refnol Resins & Chemicals |
139.4 |
| Himadri Speciality Chemical |
125.63 |
| Sadhana Nitro Chem |
123.85 |
The chemical industry in India significantly boosts the national economy. Hundred per cent of foreign direct investments (FDI) is allowed in the chemical industry, which the government recognises as being crucial to the expansion of the Indian economy. By 2025, the industry is expected to receive investments totalling Rs 8 lakh crore. Over two million people are employed in the chemical industry in India.
India is the world's third-largest consumer of polymers and the fourth-largest producer of agrochemicals after the United States, Japan and China. India is ranked sixth in the world for chemical imports and eleventh for chemical exports, excluding pharmaceutical products.
It is much diversified, spanning more than 80,000 commercial products. The basic organic chemicals, speciality chemicals, Chlor-alkali, fertilisers, pesticides, polymers, dyes and alcohol-based chemicals make up the chemical industry.
Keep a close eye on these scrips for the upcoming sessions.