Stock Market: Shares of this chemical company jumped 20 percent in 30 days, investors got strong returns

Parakh Group Share Price : If you are planning to invest in the stock market, then you must check this news. Let us tell you that Vinyl Chemicals, a chemical trading company of Parekh Group Company, has given strong returns to investors in the country.

173 percent stronger

The shares of this chemical company are more than 173 percent strong so far this year. It is known that investors’ money has more than doubled. The shares of this company, which is invested by Pidilite Industries, have jumped about 20 percent in a month.

The impact of the war on the market

This year the market is facing a lot of turmoil due to the war between Russia and Ukraine and tight monetary policies of central banks. So far this year in 2022, the Sensex has lost about three and a half percent in the domestic market, but during the same time some stocks have increased investors’ money more than double.

Investment grew 63 times in 10 years

The shares of Vinyl Chemicals were at a price of Rs 10.34 on the BSE about 10 years ago. Its one share is running at a price of Rs 649.65 on 30 September, that is, investors’ money has increased about 63 times in just 10 years. If at that time the investor had invested Rs 1 lakh in vinyl chemicals, then today he would have reached close to Rs 63 lakh. Its market cap is Rs 1,191.27 crore.

what is company

Let us tell you that the company of Vinyl Chemicals belongs to Parekh Group. As per the company’s June 2022 quarter shareholding pattern, Pidilite Industries has 40.64 per cent stake in it as a promoter. Earlier it used to manufacture vinyl acetate monomer but now it imports it from abroad and does business in India.

The start of the current financial year on BSE on a quarterly basis has not been good for the company. The company’s net profit has come down from Rs 1.45 crore on a quarterly basis to Rs 1.09 crore in April-June 2022. At the same time, the revenue has also come down from Rs 12.05 crore to Rs 31.07 crore in this period.

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