Every investor in the stock market is on the lookout for multi-bagger stocks. After all, who wouldn’t want their money to grow exponentially? If you’re searching for such a stock, Himadri Speciality Chemicals could be a promising choice. The company’s share price has doubled in the past year, rewarding investors with impressive returns.
Himadri Speciality Chemicals has been delivering strong returns to its investors for the past few years. On December 20, 2021, the stock was trading at ₹42.2 on the BSE. Fast forward to Friday, December 20, 2024, and the share closed at ₹546.85, up 0.97% on the day. This marks an incredible 1195.85% return over the last three years. If an investor had put ₹1 lakh into the stock three years ago and held onto it, their investment would have grown to nearly ₹13 lakh.
Stock Performance Snapshot
Looking at Himadri Speciality Chemicals’ recent performance, the stock has experienced a decline of 2.63% over the past week. However, it has gained 11% in the last month. Over the past three months, the stock saw a 14.7% dip, but it has surged by 76.75% year-to-date. Over the past year, it has grown by 99.22%.
Company Market Capitalization
Himadri Speciality Chemicals currently has a market capitalization of ₹26,996 crore. The stock’s 52-week high stands at ₹688.50, while the 52-week low is ₹272.80.
What Does Himadri Speciality Chemicals Do?
Himadri Speciality Chemicals manufactures a wide range of products, including specialty carbon black, coal tar pitch, refined naphthalene, new energy materials, SNF, specialty oils, and power. The company serves various industries such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals.
With its diverse product portfolio and expanding reach in multiple industries, Himadri Speciality Chemicals continues to be a strong performer in the market, making it a stock worth considering for investors looking for substantial returns.
