Curated By: Business Desk
Last Updated: September 18, 2023, 10:27 IST
Last year, on September 29, 2022, the stock was at a one-year low of Rs 315.05 per share.
The smallcap stock has gained nearly 90% in the past three months and more than 36% in the past one month period.
Agrochemical and pesticides company Kilpest India Ltd has given substantial return to its investors in the last one year. The smallcap stock has more than doubled investors’ wealth in the last one year.
The investors who had invested Rs 1 lakh in the leading agrochemicals company have turned millionaires in just 8 years.
Kilpest India shares are under focus after global brokerage Nuvama recommended a ‘buy’ rating on the agrochemical and pesticides on healthy growth potential in the molecular diagnostics business.
The brokerage increased the target price to Rs 1,184 apiece, implying an upside of 43% from the closing price of Rs 823.15 per share on September 12.
According to Nuvama’s analysis, the molecular diagnostics market in India currently stands at approximately Rs 300-400 crore, with Kilpest holding a market share of 10-12.5%.
Shares of Kilpest India were trading more than 3% higher in morning trade on Monday. The stock was trading 2.99% higher at 806.2 apiece on BSE at 10:05 AM.
The smallcap stock has gained nearly 90% in the past three months and more than 36% in the past one month period.
In September 2015, Kilpest shares were priced at a modest Rs 7.90. Currently, the stock price has skyrocketed by an astounding 10155%, reaching Rs 818 per piece. In just eight years, Kilpest has transformed an investment of Rs 1 lakh into an impressive more than Rs 1 crore. Kilpest India has turned into a multibagger stock delivering remarkable returns both in the short-term and the long-term.
Last year, on September 29, 2022, it was at a one-year low of Rs 315.05. After this, in less than a year, it has more than doubled in value and reached a record high of Rs 867 on September 11, 2023.
In September last year, Kilpest shares hit a yearly low at Rs 315.05. In less than a year, they soared by over 134%. However, the stock is currently trading 6% lower than its last 52-week high of Rs 867.
