This stock, which turned Rs 1 lakh into Rs 13 lakh in less than a year, will be in the spotlight after receiving a large order from BPCL!
This multi-bagger SME stock should be on your watchlist that promises to ride the positive ESG trend!
Shares of Kotyark Industries are attracting investors due to their rapid growth. The stock has skyrocketed more than 1,200 per cent in less than one year, implying that an investment of Rs 1 lakh made in this stock would now be worth over Rs 13 lakh!
Kotyark Industries is India’s only pureplay-listed biodiesel company. On September 24, the company announced that it had received a massive order for supply of biodiesel of Rs 1.18 crore from Bharat Petroleum Corporation Ltd. Yamuna Bio Energy private limited has also received an order worth Rs 7.09 crore. Readers should be aware that Kotyark Industries and Yamuna Bio Energy private ltd will be merged soon.
Incorporated in 2016, Kotyark Industries is engaged in the manufacturing of biodiesel and its byproducts. The company focusses on green energy and sustainable development of renewable resources through the adoption of environment-friendly technology. The company’s core product is biodiesel and in the process of manufacturing the same, it also produces crude glycerin.
The global biodiesel market stood at around USD 46.79 billion by revenue at the end of 2021. It is expected to grow at a CAGR of 5.87 per cent to reach close to USD 53 billion in 2026. Currently, India’s biofuel production accounts for only 1 per cent of the global production.
This multi-bagger SME stock should be on your watchlist that promises to ride the positive ESG trend!