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Lords Chloro Alkali Limited. NSE Code: LCAL. The stock has grown exponentially over the past two years. While the share price was at Rs.34.7 on January 5, 2021, it reached Rs.214.35 on January 5, 2023, exactly two years later. It has given returns of over 600 percent in a single holding period of two years. During this period S&P BSE Small Cap Index gave 55 percent returns.
With this business.. with only 15 thousand investment, profit in lakhs.. without much effort..
And on a consolidated basis, the company’s income has also increased tremendously. In the recently ended third quarter, the revenue increased by 61.91 percent to Rs.76.47 crore. The market value of this company is Rs.539.17 crores. ROE and ROCE are 32.27 percent and 34.73 percent respectively. Experts are predicting that this stock will rise in the coming sessions as it is riding on good volumes. So suggest to add it in watchlist.
Today the domestic stock market indices are trading at a loss. Sensex is moving at 60 thousand 360 mark with a loss of 300 points. Nifty has lost more than 60 points and is at 17 thousand 980 mark. While the shares of almost all the sectors are losing, Pharma and FMCG sector is slightly profitable. In the wake of negative signals internationally, selling pressure is seen across the board.
Non-stop layoffs.. IT companies that have sent more than one and a half lakh employees home.. What is their situation now?
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A stock that made Rs. 50 lakhs from one lakh.. 400 percent returns at the same time.. Investors have changed their minds!