Multibaggar Stock: This stock gave 6000 percent return, made investors millionaires, is this stock not in your portfolio?

Multibaggar Stock: This stock gave 6000 percent return, made investors millionaires, is this stock not in your portfolio?

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new Delhi. The Russia-Ukraine War has created turmoil in the global stock market. Due to this the prices of commodities, especially crude oil, have increased significantly. The chemical industry has been hit hard by crude prices reaching their highest level since the 2008 financial crisis. Crude oil or its derivatives are used in making many products in this industry.

Despite this, there are many stocks in the chemical sector that have given strong returns to long-term investors. Alkyl Amines, Deepak Nitrite, Privy Specialty Chemicals, Thirumalai Chemicals, Aarti Industries, Naveen Fluorine International and Balaji Amines have given returns of more than 1000 per cent in the last 10 years.

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Alkyl Amines gave 6,000 percent return
Domestic chemical manufacturer Alkyl Amines Chemicals has been one such stock, which has given returns of around 6,000 per cent in the last eight years. The growth of BSE Sensex during this period was 160 percent. Alkyl Amines Chemicals Ltd. (AACL) stock had a rally of 5,950 percent in the last eight years. Its share was Rs 49 on 16 March 2014, which increased to Rs 2,963 on 16 March 2022. If you had invested Rs 10000 in this company in March 2014, then this amount would have increased to about Rs 6 lakh.

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Crude sharply improves outlook
With the recent rise in crude prices, the stock is once again in the news due to the improvement in the outlook of chemical stocks. Talking about the last one year, this stock has given a return of about 37 percent. However, there has been a decline of about 3 per cent in a month.

Know what the company does
The company is involved in the business of manufacturing and marketing Aliphatic Amines, Emine Derivatives and other Specialty Chemicals for the last 30 years. It is a global supplier of amines and amine based chemicals to the pharmaceutical, agrochemical, rubber chemical and water treatment industries etc. The company has three manufacturing sites with 12 production plants located at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat.

Tags: Multibagger stock

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