This export house recognized by the Government of India is awarding investors multibagger returns!
5paisa Research Team
15th December 2021 - 01:22 pm
Reliance Chemotex Industries Ltd has given multibagger returns of 149% in the last six months and an astounding 349% returns in one year.
The synthetic spinning unit has rallied 38.05% in the last one month. It has outperformed the Sensex, a broad market index that has logged a negative stock return of (4.23%) and at a time when the S&P BSE Smallcap logged a minuscule return of 0.39% for the same period.
Stock Performance Reliance Chemotex
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In 1 month, the stock has risen 38.05%, Rs 100,000 invested would have become Rs 138,050.
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In 6months, the stock has risen 148.96%, Rs 100,000 invested would have become Rs 248,960.
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In a year, the stock has risen 348.89%, Rs 100,000 would have become Rs 348,890.
Reliance Chemotex Industries Ltd, an export house recognized by the Government of India, is a synthetic spinning unit set up at Udaipur, Rajasthan.
The product range of the company includes Fiber- dyed and blended yarns of polyester, viscose, and acrylic. Production of good quality ring-spun. Fiber-dyed 100% viscose and 100% polyester yarn is the speciality of the company. Over 55% of the company’s revenue comes from exports to developed markets like North America and Europe.
The recent rally in the shares of Reliance Chemotex has swelled its market capitalization to Rs 235.51 crore. The company has reported an excellent second quarter with a revenue jump of 42.51% and 7.97 per cent on YoY basis and QoQ basis respectively at Rs 88.99 crore, while the reported PAT at Rs 4.40 crore jumped by 7486% and 44% on YoY and QoQ, respectively.
Reliance Chemotex hit its 52-week high of Rs 315 in yesterday’s (December 15) trading session to close at Rs 312.20. It is trading at Rs 313.35 at 10.48 am today.
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Tanushree Jaiswal
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