The chemical sector has created impressive assets for investors over the past five years as most stocks have outperformed many times in value. The sharp jump can be attributed to a better outlook and the fact that the COVID pandemic has accelerated the transition from China to other countries.
As India celebrates 75 years of Independence, here we list three such chemical stocks that have given multibagger returns since the last Independence Day.
Fine Organic Industries, Gujarat Fluorochemicals Limited and Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) are the three multibaggers. chemical stock Those who have given returns of up to 115% in a period of one year.
Fine Organic Industries
Fine Organic Industries is one of the leading players in the manufacture of oleo-chemical based food, polymers and certain additives in India and globally. It is a leading producer of specialty additives for foodstuffs, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and many other specialized applications.
From 2,890 each currently cruising 6,209 per share, multibagger stock Has skyrocketed over 115% since August last year
Gujarat Fluorochemicals Limited
Gujarat Fluorochemicals Limited (GFL) is an Indian chemical company with more than 30 years of expertise in fluorine chemistry. GFL has domain expertise in Fluoropolymers, Fluorospecialties, Refrigerants and Chemicals. The specialty chemical stock has jumped more than 106% in one year.
Gujarat Narmada Valley Fertilizers and Chemicals (GNFC)
GNFC is a joint sector venture promoted by the Government of Gujarat and Gujarat State Fertilizers and Chemicals (GSFC). GNFC began its manufacturing and marketing operations in 1982 as one of the world’s largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC commissioned various projects in areas as diverse as chemicals, fertilizers and electronics. The company’s shares have gained 107 per cent since August 2021.
Analysts are bullish on the sector as they expect India’s share to double in the next five years with a well-established chemical industry, which has significant advantages over other countries and is the biggest contributor to global supply chain changes. has been a beneficiary. from China.
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