Multibagger Alert: Up by 64 per cent in a month, the shares of this chemical company have made a fresh 52-week high on September 9!
This multibagger stock has soared by 413.41 per cent on a YTD basis and has generated returns of 931.62 per cent in 5 years! This means Rs 1 lakh invested at the beginning of this year would have amounted to Rs 5.13 lakh today.
The shares of this company made a fresh 52-week high at Rs 331.40 piece on Friday, September 9, 2022.
The stock has been hitting back-to-back upper circuits for a week while simultaneously being locked in the 5 per cent upper circuit.
With a market capitalization of Rs 833 crore, the shares of Lords Chloro Alkali Ltd have soared by 63.73 per cent in just a month!
Lords Chloro Alkali Ltd was incorporated in 1979, for producing and exporting a wide range of chemicals. It is currently engaged in the production of caustic soda and other chemicals. The Company has built sophisticated manufacturing facilities at its Plant having an installed capacity of 275 MT per day of Caustic Soda situated in Alwar at Matsya Industrial Area, Alwar (Rajasthan).
The company recently announced its Quarterly Results for Q1FY23 wherein, its net sales soared by 89.39 per cent to Rs 84.39 crore as compared to Rs 44.56 crore in Q1FY22. The company has also reported an increase of 498.18 per cent in its operating profit at Rs 33.12 in Q1FY23, compared to the operating profit of Rs 5.54 crore in Q1FY22. The net profit has also improved and stood at Rs 22.04 crore in Q1FY23 vis-a-vis the net profit of Rs 2.04 crore for the same period last year, recording a phenomenal increase of 983.14 per cent.
This multibagger stock has soared by 413.41 per cent on a YTD basis and has generated returns of 931.62 per cent in 5 years! This means Rs 1 lakh invested at the beginning of this year would have amounted to Rs 5.13 lakh today.
The company has also commissioned a new Sodium Hypochlorite plant during the year and is also implementing a plan to increase the Caustic soda capacity to 300 TPD in near future. The company is cash rich, with consistent sales growth and operating margins. Its promoters own 74.72cper cent of the total shareholding, while 25.24 per cent of the shares are held by the public.
Watch out for this multibagger stock in the upcoming trading sessions!