Are you seeking to invest in best penny stocks? Due to the quick expansion, Kotyark Industries’ stock is drawing investors. In less than a year, the stock has surged more than 1,200%, meaning that an initial investment of Rs 1 lakh in this stock is now worth more than Rs 13 lakh!
The only biodiesel firm with a pureplay listing in India is Kotyark Industries. On September 24, the business revealed that it has received a sizable order from Bharat Petroleum Corporation Ltd for the supply of biodiesel totaling Rs 1.18 crore. An order of Rs 7.09 crore has also been placed with Yamuna Bio Energy Private Limited. The merging of Kotyark Industries and Yamuna Bio Energy private ltd. should be made clear to readers.
Why Kotyark Industries Is In Best Penny Stocks?
Kotyark Industries, which was founded in 2016, produces biodiesel and its byproducts.
Through the use of environmentally friendly technology, the company focuses on green energy and the sustainable development of renewable resources. The company’s main product is biodiesel, and while making that product, it also creates crude glycerin.
By revenue, the global biodiesel market was valued at about USD 46.79 billion at the end of 2021. It is predicted that it would increase at a CAGR of 5.87 percent, reaching just about USD 53 billion in 2026. The production of biofuels in India currently makes up just 1% of the total production.
Your watchlist should include these best penny stocks and multi-bagger SME firms that are expected to follow the upward ESG trend.
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