More than 930% return in 5 years, do you own this stock?
The stock has repeatedly touched its upper circuit in the last week. The market capitalization of Lord’s Chloro Alkali is Rs 833 crore. The stock has gained 63.73 per cent in just one month. This company was started in 1979. This company produces and exports a wide variety of chemicals. It currently manufactures caustic soda and other chemicals. The company has a splendid plant in Alwar, Rajasthan. It has a capacity to manufacture 275 tonnes of caustic soda per day.
The company has released excellent quarterly results
The company has recently announced its quarterly results. The company’s sales grew by 89.39 percent in the first quarter of the financial year 2022-23. It has increased to Rs.84.39 crore as against Rs.44.56 crore in the corresponding period of last financial year. The company’s operating profit also increased in the first quarter. There has been an increase of 498.18 percent in this. Net profit has increased by Rs 2.04 crore to Rs 22.04 crore.
Many things go in favor of Lord Chloro
Lord’s Chloro shares have gained 413.41 per cent so far this year. It has given 931.62 per cent return in five years. This means that if someone had invested Rs 1 lakh in it earlier this year, it would have increased to Rs 5.13 lakh today. The company has also set up a new sodium hypochlorite plant this year. The company also plans to increase the capacity of caustic soda. The company is not short of cash. There is also no pressure on sales and growth. Promoters hold 74.72% stake in the company. At the same time, 25.24 percent holding is of the public.
