This stock has given returns of about 1,500 per cent to its shareholders in just three months. On June 24, 2021, this share was at Rs 21.49, now it has become Rs 343.5.
New Delhi. The stock market has reached a new high. The domestic market has crossed the 60 thousand mark. Along with this, there are many stocks that have given multibagger returns to their shareholders. Today we are talking about the stock of Continental Chemicals stock.
This stock has given returns of about 1,500 per cent to its shareholders in just three months. This share has increased from Rs 21.49 to Rs 343.5 on June 24, 2021. The stock has given 1,497.25% return in the last three months.
Investors got rich
According to the history of Continental Chemicals stock price, the amount of Rs 1 lakh invested in this stock three months ago i.e. on June 24 this year would have become Rs 15.98 lakh today. Shares of Continental Chemicals closed at an all-time high of Rs 343.25 with a gain of 5% over its previous close on BSE. This stock remained an upper circuit of 5% during the trading session. The stock has gained 177.94% in the last 21 days. On Friday, the stock opened with a gain of 4.99% at Rs 343.25 on the BSE.
192% increase in a month
Share of Continental Chemicals is higher than the moving averages of 5 Day, 20 Day, 50 Day, 100 Day and 200 Day. The stock has gained 1,706.58% since the beginning of this year. There has been an increase of 192% in a month. The market cap of the firm increased to Rs 77.20 crore. The stock had hit a 52-week low of Rs 12.50 on March 9, 2021. Please note that this stock is not listed on NSE.
Know what is the business of the company?
The Noida-based company reported a 2000% increase in its Q1 net profit at Rs 0.03 crore. Net profit for the June 2020 quarter stood at Rs 0.01 crore. Sales on a standalone basis grew by 140% to Rs 0.12 crore in the first quarter of the current fiscal, as against Rs 0.05 crore in the corresponding period of the previous fiscal. Continental Chemicals manufactures hand soaps, detergents and cosmetics. Its manufacturing unit is located in Noida, Uttar Pradesh (Noida- UP).