Seya Industries: stock that will lend a helping hand in these turbulent times
DSIJ Intelligence / 14 Dec 2016
Seya Industries is buzzing on bourses on Wednesday and is trading at Rs 242.80 per share, up by Rs 11.55 per share or 4.99 per cent on an intraday basis.
Seya Industries is buzzing on bourses on Wednesday and is trading at Rs 242.80 per share, up by Rs 11.55 per share or 4.99 per cent on an intraday basis.
The company manufactures speciality chemicals and has application in pharmaceuticals, personal healthcare products and textile dyes.
The key trigger for the company has been the rise in demand for speciality chemicals in India after the Chinese government’s restrictions that led to the shutdown of small and medium units in China.
This development has led to rise in demand and has in turn helped company improve its profit margins.
The company is expected to grow exponentially and has fund managers buying its shares. Reliance Mutual Fund was the latest fund manager to buy Seya Industries in the month of November.
The stock has delivered impressive gains on YTD basis at 77 per cent and on one year basis the stock has almost doubled by gaining 93 per cent. The stock is up by two per cent in one month.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.