Padding Profits: How Axita Cotton Yielded 1093% Returns In Just 3 Years
If you had invested ₹1 lakh in Axita Cotton in October 2019, then you could have had ₹11.93 lakhs today! This multibagger has given its investors 1093% returns in just 3 years. Here’s a quick peek at the company.
☁️ Stock Name: Axita Cotton Ltd.
☁️ NSE: $AXITA
🌱 The Roots
Incorporated on July 16, 2013, Axita Cottons was previously known as Aditya Oil Industries, a partnership firm founded in 2007 to produce, process and refine cotton seeds and bales in the country. In addition to manufacturing, the company exports its products to a number of other countries.
🌏 Global Presence
Based and founded in Gujarat, Axita Cottons has developed a presence in various Asian countries, namely Bangladesh, Pakistan, Vietnam, China and Thailand, thanks to their export ventures.
While the company trades directly with the final consumer in India, they sell their products to other countries through merchandise. Most of the company’s trade happens in states like Gujarat, Maharashtra, Madhya Pradesh and Rajasthan.
The company is primarily known for ginning and pressing Kapas, the seed cotton. Its exceptional customisation is what drives its clientele to the service. Their specialisation is the production of Shankar and MCU-5 cotton bales. Axita Cotton Ltd. was already trading on the BSE, while it was listed on the NSE in June 2022.
💰 Stock Value
On October 14, 2019, the company’s shares were trading at ₹29.85, while they were priced at ₹356.20 as of October 13, 2022.