Laxmi Organic shares jump 50% in 2 days

Laxmi Organic

Shares of Laxmi Organic Industries gains to the second day after its presence on Exchange. Today, Laxmi Organic shares jump 50% in 2 days and gains 18% to 194 as compared Day 1 closing price of 164.6. On Thursday i.e. 25.03.2021, shares of the chemicals manufacturer had closed with nearly 27% as compared to issue price of 130. And on 26.03.2021 closed at 186.60.

This is a Mumbai-based company named as ‘Laxmi Organics’ engaged in  two key business segments:

  • Acetyl intermediates and speciality intermediates. Its products find application in pharmaceuticals, agrochemicals, dyes and pigments, inks and coatings, paints, printing and packaging, flavours and fragrances, adhesives and other industrial applications.
  • This has also proposed to deal with fluorochemicals to diversify into manufacturing chemicals. It had also acquired assets including plant and machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorochemical specialties and electrochemical fluorination.

Is Investing in Laxmi Organic a Good Option??

Keeping the view of the company’s market valuation which was at 5,032.00 crore on BSE. Laxmi Organic Industries’ initial public offer was subscribed a whopping 106.79 times earlier this month at the offer price 129-130 per share. and the company has also its global presence with customers in over 30 countries, including China, the Netherlands, Russia, Singapore, United Arab Emirates, the UK and the US etc. Investing in the company Laxmi Organic can be a good option and this may touch Rs.500 within one year.

Precautions!!

As this is newly launched Stock and the  Laxmi Organic shares jump 50% in 2 days so can take little bit time and may move with higher rate of fluctuation. As the other stocks do so need not to be panic and invest for long run. Before investing do a little bit research about the same to get more comfort ant and confidence in the company.

 

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3 thoughts on “Laxmi Organic shares jump 50% in 2 days”

  1. हिमांशु पंडित

    Thank you sir.. for this information… I invented on this basis and earned a lot profit

    Provide us more articles As much as possible

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