The inventory gained 7.13 p.c to succeed in the extent of Rs 1,139.15 per share.
This means De Nora India has delivered a return of 134 p.c previously one yr to its traders.
The power transition firm De Nora India’s inventory has greater than doubled the traders’ cash previously one yr. It is a small-cap inventory with a market capitalisation of Rs 604 crore on the Bombay Stock Exchange, and its shares have greater than doubled in only one yr from Rs 490.6 per share on April 19, 2022, to Rs 1,148 every on Wednesday, April 19, 2023.
This means De Nora India has delivered a return of 134 p.c previously one yr to its traders. The inventory hit a contemporary 52-week excessive of Rs 1,148 per piece in intraday buying and selling on Wednesday. By market closing hours, the inventory gained 7.13 p.c to succeed in the extent of Rs 1,139.15 per share.
The small-cap inventory made its debut on the Indian inventory market in 2002 and has given returns of a whopping 140 p.c to its traders over the previous 5 years.
The veteran market investor Mukul Agarwal, who specialises in holding multibagger shares, additionally invested within the shares of De Nora India throughout the quarter ended March 31, 2023. Mukul Agarwal bought 72,785 fairness shares of the corporate, aggregating to a 1.37 p.c shareholding.
Thus, going by the portfolio of a veteran investor, one can look into investing in De Nora India’s inventory. In the final one month, the inventory has gained over 20 p.c, and has jumped 30.1 p.c during the last 5 buying and selling periods. In the final three years this multibagger inventory has gained over 540 p.c.
De Nora India is a subsidiary firm of the Italian multinational firm De Nora Group. It is the world’s largest provider of high-performing catalytic coatings and insoluble electrodes for electrochemical and industrial functions. The firm has been lively within the electrochemical area for over 9 a long time.
It is a market chief in electrochlorinators, cathodic safety techniques, and cathode and anode for chlor-alkali trade in addition to floor ending.
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