Multibagger Stock: Up 860% In 2 Years! Do You Own This?

Shares of Vishnu Chemicals have delivered multibagger returns to its shareholders. The stock has zoomed over 860 per cent in the last two years

Multibagger Return

Vishnu Chemicals manufactures Specialty Chemicals and is a dependable supplier for customers across industries like pharmaceuticals, coatings, automobiles, glass, refractory and tiles, among others

About Vishnu Chemicals

In October 2022, the company approved the sub-division/ Split of 1 equity share of the face value of Rs 10 fully paid up into 5 Equity Shares of Rs 2 each fully paid up, subject to the approval of the members of the company and regulatory/statutory approvals as may be required

5:1 Stock Split Announced

The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges

Vishnu Chemicals
Stock Split

To enhance the liquidity in the capital market, widen the shareholder base and make the shares more affordable to small investors

Rationale Behind Vishnu Chemicals Stock Split 

Shares of Vishnu Chemicals Limited ended higher at Rs 1,587.75 on BSE on Nov 30. Market cap of the firm rose to Rs 1,897 crore

Current Vishnu Chemicals Share Price

Osho Kishan, Senior Analyst at Angel One Ltd, said, “Vishnu Chemicals has recently corrected nearly 30 per cent from the highs of 2100 odd levels and is hovering near the crucial support of 200 DEMA on the daily chart…

Where Is It Headed?

… The overall trend in the counter is upbeat, and the recent correction could be seen as an opportunity to accumulate the stock from a short to medium-term perspective.”

Analyst View On Vishnu Chemicals

Stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position

Disclaimer 

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Story by: Tanya Aneja 
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