A Gold Mine For Investors: Indo Amines Delivered 1,154.77% Returns
If you had invested ₹1 lakh in March 2020, you would have ₹12.5 lakhs today! This multibagger has given its investors 1,154.77% returns in just 2 years. Let’s take a deeper look at the company.
⚗️ Stock: Indo Amines Ltd.
⚗️ NSE: $INDOAMIN
🧪 About the Company
Indo Amines Limited is one of the leading makers of fine specialty and performance chemicals, headquartered in Mumbai. The company was incorporated in 1992 and produces a wide range of fatty amines and amine derivatives for usage in a variety of industries.
Fertiliser, agrochemicals, pharmaceuticals, high-performance polymers, paints, pigments, printing inks, rubber chemicals, additives, surfactants, dyes & intermediates, road construction, flavours & fragrances, home & personal care use, petrochemicals, pesticides and perfumery are just some of the industries where the company’s products are used.
With five manufacturing units in Gujarat and Maharashtra, Indo Amines is planning to expand its product range and is also looking to increase investments in various projects. The company has shown amazing growth over time.
It plans to strengthen its position and expand into new markets that remain untapped. In order to strengthen its current and future partnerships in the domestic and international markets, the company plans to work on its chemistry and form new strategic alliances. This will enable expansion and further utilisation of the plants.
On March 25, 2020, the shares of the company were trading at ₹12.05, while they were priced at ₹151.20 as of August 24, 2022, on BSE. The stock was listed on NSE on April 29, 2022.