Deepak Nitrate Chemical Manufacturing Company. The stock of the company was Rs 18.50 per share on 8 July 2011, which has increased to Rs 1,983 per share on 12 July 2021.
multibagger stock
After the first wave of COVID-19 in India, a large number of multibagger stocks have been seen in the Indian stock market. However, the interesting thing is that many smallcap and midcap stocks have made it to the list of multibagger stocks this year. But, investors who believe that the big money is not in buying or selling, but in holding, have earned returns far more than just the multibagger. Deepak Nitrite is one such stock which has given 10,618 per cent return in the last 10 years.
Motilal Oswal Securities has given a positive outlook on India’s stake in Specialty Chemicals. The business of specialty chemicals in India may double in the next 5 years. The brokerage house said, India’s specialty chemicals industry can achieve a growth rate of 12.4 percent annually. It can grow at this rate for the next 5 years. By the calendar year 2025, the turnover of India’s specialty chemicals companies can reach $ 64 billion.
Shares of Deepak Nitrite up more than 10,000 percent in 10 years
Deepak Nitrate Chemical Manufacturing Company. The stock of the company was Rs 18.50 per share on 8 July 2011, which has increased to Rs 1,983 per share on 12 July 2021. This means that the stock has gained 10,618 per cent or more than 106 times in the last 10 years.
1 lakh became 1 crore rupees
It is clear from the increase in the share price of Deepak Nitrate in the last 10 years, if one would have invested Rs 1 lakh in it 10 years ago, their 1 lakh would have become Rs 1.06 crore now.
Deepak Nitrate Share Outlook
Deepak Nitrate must have performed well in the fourth quarter of FY 2021. This was mainly due to strong demand from users and hike in phenolics prices. The China+1 policy will benefit the company in the long run and the company is maintaining a leading market share in its respective products.
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