Amount doubled in 15 months, this chemical share is still the choice of mutual funds.

New Delhi. In the stock market, people look for good shares to make more money in less time. It is a bit difficult to get such shares. Today we are telling you about one such stock which has doubled the investment of its investors in the last 15 months. We are talking about Sudarshan Chemical’s stock. Despite doubling the amount in 15 months, fund managers don’t seem concerned about its value. For example, HDFC Mutual Fund bought around 1 million shares on June 7 itself.

Earlier, HDFC Mutual Fund had invested more than Rs 91 crore in shares of this company. According to a Money Control news release, analysts are looking at the purchase in terms of the growing chemical market. As the chemicals market continues to grow, the mutual fund expects Sudarshan Chemicals to benefit from this expansion, he says. Surdarshan Chemical has a good position in the global pigment market. On the other hand, the world’s largest pigment company, Heubach, has filed for bankruptcy. Analysts believe that the stock still lags far behind its fair value, despite the rise in its shares.

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Date of shares
Shares of Sudarshan Chemical closed up 2.35% at 807.70 on the NSE on Tuesday. The stock has gained around 8% in the last 5 days, giving a return of around 65%. This stock can see an increase after February 2023. On February 17, the share was around Rs 362 on the NSE. Its 52-week high is Rs 893. The company had made a profit of Rs 58 crore in the March quarter of last fiscal. While the profit of the company in the same quarter of 2022-23 was Rs 33 crore. The market cap of the company is around Rs 5500 crore.

What does the future look like?
Various brokers believe that the pigment industry is currently in turmoil. This includes events such as Heubach filing bankruptcy papers and a Canadian company shutting down one of its units. Sanjaysan Jain, research analyst at ICICI Securities, believes that Sudarshan Chemical also owns 80 percent of the products manufactured by these companies. He sees this as a good opportunity for the company. Sharekhan has said that the company is adding new facilities. According to the brokerage, there are excellent growth opportunities for the company in the country and abroad.

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