Multibagger Stock: The Russia-Ukraine crisis has shaken the global equity markets, due to which the prices of commodities, especially crude oil, have increased significantly. The chemical industry has been hit hard by crude prices reaching their highest level since the 2008 financial crisis. Crude oil or its derivatives are used to make many products in this industry.
These stocks gave 1,000 percent return in 10 years
Despite this, there are many stocks in the chemical sector that have given strong returns to long-term investors. Alkyl Amines, Deepak Nitrite, Privy Specialty Chemicals, Thirumalai Chemicals, Aarti Industries, Naveen Fluorine International and Balaji Amines have given returns of over 1,000 per cent in the last 10 years.
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Alkyl Amines gave 6,000 per cent return in eight years
However, domestic chemical manufacturer Alkyl Amines Chemicals has been the stock that has delivered nearly 6,000 per cent returns during the last eight years, compared to 160 per cent growth in the BSE Sensex during this period.
Alkyl Amines Chemicals Ltd. The stock of AACL (AACL) has rallied 5,950 per cent in the last eight years and its share has increased from Rs 49 on March 16, 2014 to Rs 2,963 on March 16, 2022. If you had invested Rs 10,000 in this company in March 2014, this amount would have increased to around Rs 6 lakh.
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Outlook improves as crude strengthens
The stock is once again in the news due to the improvement in the outlook of chemical stocks with the recent jump in crude prices. Talking about the last one year, this stock has given a return of about 37 percent. However, in a month it has fallen by about 3 per cent.
What makes the company
The company is involved in the business of manufacturing and marketing Aliphatic Amines, Emine Derivatives and other Specialty Chemicals for the last 30 years. It is a global supplier of amines and amine based chemicals to the pharmaceutical, agrochemical, rubber chemical and water treatment industries etc. The company has three manufacturing sites with 12 production plants located at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat.
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