Neogen Chemicals Share: Has given 433 percent return, expect strong returns even further


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Neogen Chemicals Share : ICICI Direct has set a new target of Rs 1,680 for the share of Neogen Chemicals Limited. Right now this share is around Rs 1,398. That is, if this stock goes up to the target of Rs 1680, then you can get more than 20 percent return. In this way, if someone buys shares of this company for Rs 5 lakh, then that amount will become Rs 6 lakh.

Neogen Chemicals is a small cap company.
Neogen Chemicals is a small cap stock. This company belongs to the chemical sector. Starting business in 1991, Neogen Chemicals manufactures specialty organic bromine-based chemical compounds as well as specialized inorganic lithium-based chemical compounds.

Company’s products
The company’s products include pharmaceutical intermediates, agrochemical intermediates, engineering fluids, polymer additives and water treatment chemicals. Neogen has two segments, which include i) organic chemistry, ii) inorganic chemistry. Of these, the company gets 80 per cent of its total income from organic chemicals. The rest of the income comes from inorganic chemicals.

This share gave 433 percent return, will benefit even further

How were the quarterly results
The company’s income jumped 31 per cent to Rs 148.1 crore in the second quarter (July-September) due to higher growth in both organic chemicals (9 per cent year-on-year growth) and inorganic chemicals (y-o-y growth 123 per cent). Its gross margin increased by 3.45 per cent to 46.8 per cent, while the Ebitda margin declined by 1.78 per cent to 16.7 per cent. Its profit also declined, which declined by 12 per cent to Rs 9.9 crore.

Returns from start to date
The stock has given a return of 433.45% since its inception in May 2019. That is, whoever had invested Rs 1 lakh in the shares of the company in this time, their value would have exceeded Rs 5.43 lakh today. At the same time, its return for the last one year has been 9.06 percent. So far in 2022, it has given a negative return of 16.21 percent. The company’s market capital is currently Rs 3,487.89 crore.

This share gave 433 percent return, will benefit even further

52 week high
Its 52-week high is Rs 1,933.70 and the low is Rs 1223.80. The brokerage firm has said that the stock has achieved a CAGR of 55.7 per cent in the last three years. According to the brokerage firm tracking capex and visibility on the back of a better growth outlook from both the organic and inorganic segments, it has retained the BUY rating for the stock.

share of gloster
Meanwhile, let us tell you that Gloster Limited is also giving an opportunity to earn. This is a small cap company. The company works in the textile sector. The company on 7 November announced a 1:1 bonus issue and interim dividend to its shareholders. The market capital of the company is currently around Rs 922 crore. The company has set the record date for dividend as November 16, 2022. The record date for issuance of bonus by the company is yet to be decided. If you buy the stock now, you will be eligible for a dividend of Rs 50 and a 1:1 bonus issue. Here 1:1 means you will get one free share for every share.

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english summary

Neogen Chemicals Share Has given 433 percent return expect strong returns even further

ICICI Direct has set a new target of Rs 1,680 for the share of Neogen Chemicals Limited. Right now this share is around Rs 1,398. That is, this stock goes up to the target of Rs 1680.

Story first published: Wednesday, November 9, 2022, 13:57 [IST]





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