This company made investors rich, gave 51 percent return in one month, know the reason

This company made investors rich, gave 51 percent return in one month, know the reason

[ad_1]

New Delhi: Despite the sharp ups and downs in the stock market, fundamentally strong companies have made investors rich. Such companies include Shree Pushkar Chemicals & Fertilizers. This specialty chemical company has given a strong return of 51 per cent to the investors in a month. If you are also planning to add a new stock to your portfolio, then you can bet on it as its price is expected to continue rising further.

Why is this share running?
The rise in the stock is due to the strengthening of business of Shree Pushkar Chemicals & Fertilizers and sharp rise in profits. If you had invested Rs 1 lakh in this specialty chemical company last month, you would have got a return of Rs 51,000 in a month. If you have missed out on investing in it, then you still have a chance to invest in it. The company management expects the company’s profit to double in the current financial year due to rapid growth in business.

Also read- Netcore IPO: Rajesh Jain’s company Netcore will also bring IPO, didtcom era was started in the country

During Thursday’s trading on the Bombay Stock Exchange (BSE), its stock saw a strong rally of 11 percent and it reached the level of Rs 301.10. This is its 52-week high. The company’s stock was supported by strong earnings estimates. However, later it came down to Rs 286. Its all-time high has been Rs 338, which it touched on January 10, 2018.

46% increase in profit
In the first nine months of the current financial year 2021-22, the company’s PAT (Profit After Tax) has increased by 46 per cent to a total of Rs 41 crore on a consolidated basis. In the corresponding period of the financial year 20220-21, it was Rs 28 crore. In the first nine months of 2021-22, the company’s total volume has also increased by 31 percent. The company has been strengthened due to rapid growth in the dye segment. The dye segment grew by 47 per cent and revenue by 60 per cent in the December quarter. The company has also benefited from increasing volume of its subsidiary company Madhya Bharat Phosphates and Kisan Phosphates. The company expects the growth to continue in the coming quarters as well.

Also read- Market fell, but ZEEL shares jumped more than 16% today, know the reason behind it

What is the work of this company

Shree Pushkar Chemicals manufactures diversified products of dyestuffs, dye intermediates, acids, fertilizers and animal feed additives. That is, it is an integrated dye manufacturing solution company.

Tags: Bombay stock exchange, stock market, Stock Markets, stock return, Stock tips

[ad_2]

Read Article in हिन्दी

Leave a Comment

Your email address will not be published.