This multibagger stock from the speciality chemical sector has increased by more than 300 percent this year

Multibagger stock

Multibagger stock

Many equities from many sectors have outperformed and generated multibagger returns this year, with Indian markets reaching fresh record highs. Specialty chemical stocks have led the trend, owing to an improved outlook, increased demand, and growing realisations. Yasho Industries, a chemical firm, is one of the sector's multibagger stocks.Yasho Industries' stock has risen more than 392 percent in a year,

While the multibagger company from the speciality chemical sector has risen more than 300 percent this year (year-to-date or YTD). The stock is currently trading at over $645 per share (as of Thursday's closing price), up from roughly 160 in early January.Yasho Industries Limited is a chemical company that produces a wide range of products. Specialty chemicals, aroma chemicals, food antioxidants, rubber accelerators, and lubricant additives are the five main industries that these chemicals serve.

Its manufacturing operations, which have a combined capacity of 9,200 MTPA, are located in Vapi, Gujarat.Yasho Industries is a market leader in food antioxidants and aroma chemicals, as well as a promising newcomer in rubber and specialty chemicals. The company has expanded by supplying domestic and worldwide markets with its extensive international activities in 42 countries across Europe, America, the Middle East, and Asia.

The company's shares are traded on the Bombay Stock Exchange (BSE) in the SME category.With increased demand and realisations, specialty chemicals makers have been in the spotlight for some time. Over the last year, the companies' profitability and earnings have increased significantly. Brokerages are optimistic about the sector, predicting that India's share of specialised chemicals will double in the next five years.In the last five years,

The chemical sector has generated significant wealth for investors, as most of the equities have doubled in value. Analysts attribute the substantial increase to the improved outlook and the fact that the covid epidemic has hastened the transfer away from China to other countries.

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