This Multibagger Stock of the Specialty Chemical Space Is Soaring More Than 300% This Year

Shares of Yasho Industries have gained over 392% in one year and the specialty chemical sector’s Multibagger stock has gained over 300% this year alone (Year-to-date or YTD). all around ₹At the level of 160 at the beginning of January, the stock is currently trading at approx. ₹645 per share (as on Thursday’s closing price).

Yasho Industries Ltd. manufactures a wide variety of chemicals. These chemicals primarily serve five major industry categories – Specialty Chemicals, Aroma Chemicals, Food Antioxidants, Rubber Accelerators and Lubricant Additives. Its manufacturing units are located in Vapi, Gujarat with a combined capacity of 9,200 MTPA.

Yasho Industries is a leader in the Food Antioxidants and Aroma Chemicals segment, and an emerging player in Rubber and Specialty Chemicals. The company has grown business by serving domestic and global markets with extensive international operations in 42 different countries in Europe, America, Middle East and Asia. The shares of the company are listed on BSE under the SME category.

With increasing demand and receipts, specialty chemicals manufacturers have been in focus for quite some time now. The companies have seen significant improvement in profits and earnings in the past one year. Brokerages are bullish on the sector with a positive outlook as they expect India’s share in specialty chemicals to double in the next five years.

The chemical sector has created impressive assets for investors over the past five years as most stocks have multiplied. According to analysts, 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.