Multibagger Millioner :This Special chemical stock has increased by almost 200%.

Gujarat Fluorochemicals Limited (GFL)

Many specialty chemicals stocks performed better than their improved outlook as they were generating multi-stock returns from the beginning of the year to date. One of the multi-bagger companies from India is Gujarat Fluorochemicals Limited (GFL). Gujarat Fluoro shares almost jumped. 200% this year (while a year or so). and grew by about 222% over the year. From £ 570 in early January, the share is currently trading at around ₹1,710 per share. 

Gujarat Fluorochemicals, headquartered in Noida, is a chemical manufacturing company, part of the INOX group of companies, specializing in the production and distribution of refrigerants, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, fluorinated intermediates, specialty chemicals activity. Produced in India, fluorspar is mined in Morocco, warehouse in Europe and USA.

The company has expanded its specialty fluorinated chemicals business by exporting to more than 75 countries. Long established sectors such as automotive, aerospace, semiconductors, electronics, general purpose devices, telecommunications, healthcare and architecture, Gujarat Fluorochemicals introduced several new products and introduced lithium hexafluorophosphate (LiPH6) as one product. Analysts expect LiPH6 demand to grow, with a particular focus on e-vehicles (EVs).

Manufacturers of specialty chemicals have been in the spotlight for some time due to increasing demand and sales. Over the past year, businesses have made significant improvements in profit and loss. in the next 5 years, the number of specialized chemicals will double.