The company’s stocks have delivered impressive multibagger returns of over 4000 per cent to its shareholders.

The promoters of the company have increased their stake to 50.29 per cent and DIIs have increased their stake to 2.12 per cent in March 2024 compared to 44.79 per cent and 0.63 per cent respectively in December 2023.

From Rs 2.02 to Rs 78.10 per share, the stock delivered multibagger returns of 3,766 per cent in 3 years.

The stock gave multibagger returns of over 450 per cent in 3 years and a whopping 1,300 per cent in 5 years.

The stock gave multibagger returns of 230 per cent in 3 years and a whopping 2,900 per cent in a decade.

On February 1, Finance Minister Nirmala Sitharaman presented the Interim Budget for 2024, a precursor to the upcoming Lok Sabha elections, which is commonly known as an Interim or vote-on-account budget.

Shares of the company have gained more than 25 per cent in the last one year.

The stock gave multibagger returns of over 300 per cent in just 3 years whereas BSE Sensex Index is up by 47 per cent. 

A pivotal catalyst for the stock in the short term is the imminent inauguration of a new facility in Pakhajan, Dahej, boasting a capacity of 17,500 MT. Strategically focused on the production of Lubricant and rubber chemicals, Phase 1 is anticipated to yield revenue ranging between Rs 550-600 crore

The stock gave multibagger returns of 165 per cent in just 6 months and over 270 per cent in 1 year.