Specialty chemical maker Vikas EcoTech’s shares up over 200 pc in 1 yr

New Delhi

Founded in 1984, Vikas Ecotech is a leading provider of high-end speciality chemicals to buyers across the world.

The Centre introduced PLIs for 14 sectors, of which specialty chemicals is one of them. India is a major importer of specialty chemicals.

In the said period, the small-cap company's penny shares rose 226.7 per cent to Rs 4.90 per share at Friday's close.

The company's current market capitalisation is worth Rs 315.4 crore, NSE data showed.

Stock prices ranging in single digit are known as penny stocks, and they typically have high volatility associated with them.

On the other hand, multibagger stocks are those whose share prices rise exponentially over a short period of time.

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