₹0.14 in May 2020 to ₹7 currently. However, it has witnessed strong correction in the last one year and in 2024 YTD (year-to-date) as well. The stock has declined over 52 percent in the last 1 year and over 32 percent in 2024 YTD.
This year so far, the stock has given negative returns in all 5 months. It has lost almost 6 percent in May after a 9.5 percent drop in April, 10 percent in March, 7.8 percent in February and 4.5 percent in January. On the back of the recent correction, the stock is now 66 percent away from its peak of ₹20.59, hit on June 9, 2023.
Meanwhile, it is up just 5 percent from its 52-week low of ₹6.69, hit on April 4, 2024. However, the stock has given multibagger returns of over 566 percent in 3 years, 1196 percent in 5 years and 2592 percent in a decade. Founded in 1956, IEL Ltd is an Indian company that has transitioned from manufacturing to trading chemicals and providing related services.
Initially, the company operated a solvent extraction plant but it shifted its focus to trading chemicals and colorants and offering marketing and warehouse rental support due to competitive pressures. IEL Ltd aims to expand its export and import business in the chemicals and commodities sector, though it currently faces growth-limiting challenges. Additionally, the company seeks to diversify into developing various intermediate and derivative products for the chemical and commodity markets.
IEL Ltd has announced a significant turnaround in its quarterly (Q4FY24) and annual (FY24) results. In Q4FY24, net sales surged by 781.5 percent to ₹9.12 crore, compared to ₹1.03 crore in Q4FY23. The company reported a net profit of ₹0.14 crore for Q4FY24, a substantial improvement from the net loss of ₹0.04 crore in Q4FY23.
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