News Karnataka
Tuesday, September 27 2022
Business News

Specialty chemical maker Vikas EcoTech’s shares up over 200% in 1 yr

Photo Credit : IANS

New Delhi: Vikas EcoTech shares gained over 200 per cent over the past one-year period evidently due to the announcement of production-linked incentives to reduce import dependency for various products.

Founded in 1984, Vikas Ecotech is a leading provider of high-end speciality chemicals to buyers across the world.

The Centre introduced PLIs for 14 sectors, of which speciality chemicals is one of them. India is a major importer of speciality chemicals.

In the said period, the small-cap company’s penny shares rose 226.7 per cent to Rs 4.90 per share at Friday’s close.

The company’s current market capitalisation is worth Rs 315.4 crore, NSE data showed.

Stock prices ranging in single-digit are known as penny stocks, and they typically have high volatility associated with them.

On the other hand, multibagger stocks are those whose share prices rise exponentially over a short period of time.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp