Multibagger Update: This biodiesel company touched a new all-time high; surged 1,380 per cent in just one year! Do you own it?

The shares of Kotyark Industries soared 146 per cent in a single month while it has provided shareholders with outstanding returns of more than 1,380 per cent in just one year!

The shares of Kotyark Industries climbed and got locked in the 10 per cent upper circuit during Wednesday’s trading session on an intraday basis. The stock rocketed to an all-time high as a result of consistent buying. The strong price-volume breakout indicates investors’ interest in this company.  

Its shares experienced heavy buying after the company announced that the preferential allocation of up to 4,59,400 equity shares of Rs 10 each to the promoter and public category shareholder at a price of Rs 450 per share have been approved.  

The shares of Kotyark Industries soared 146 per cent in a single month while it has provided shareholders with outstanding returns of more than 1,380 per cent in just one year!  

In terms of annual performance, Kotyark Industries' net profit climbed 726.70 per cent to Rs 8.64 crore from Rs 1.04 crore in the previous year that ended in March 2021. Additionally, its net sales surged 139.31 per cent to Rs 156.05 crore from Rs 65.21 crore in the year that ended in March 2021.   

Incorporated in 2016, Kotyark Industries Ltd 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.   

Keep a close eye on this scrip considering the promising long-term outlook for the sector and the excellent opportunities that Kotyark Industries has lined up.