Multibagger Update: Shares of this company soar 1,000 per cent in just two years!
An investment of Rs 1 lakh in this company’s shares two years ago would have turned to Rs 10 lakh today!
On Tuesday, only buyers were seen in the case of Vishnu Chemicals Limited. At 2.30 pm, the scrip rallied and locked up in the 5 per cent upper circuit at Rs 1,446.60 per share on BSE. It witnessed a spurt in volume by more than 3.76 times.
The shares of Vishnu Chemicals Ltd soared 200 per cent in just one year! Considering the last six-month time period, the stock has surged nearly 80 per cent. An investment of Rs 1 lakh in this company’s shares two years ago would have turned to Rs 10 lakh today!
Recently, the company announced that it recorded net sales and other operating income of Rs 333.72 crore thereby, posting a growth of 56.26 per cent from Rs 213.56 crore registered in Q4FY21. On the other hand, the operating profit was recorded at Rs 53.15 crore in Q4FY22 as compared to an operating profit of Rs 25.83 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 28.57 crore in comparison with the net profit of Rs 10.87 crore in the same quarter of the previous year, surging 162.86 per cent. The company’s board has approved the dividend at 20 per cent i.e. Rs 2 per equity share of the face value of Rs 10 for the financial year ended March 31, 2022.
Incorporated in 1989, Vishnu Chemicals Ltd is in the business of manufacturing, marketing & exporting Chromium chemicals and Barium compounds across the world. Situated in Hyderabad, the company is serving more than 12 industries across 57 countries globally.
Keep a close eye on this scrip for the upcoming sessions.