With 131.59% YTD Return Buy This Multibagger Chemical Stock: ICICI Direct

In just one month, the chemical stock Neogen Chemicals has gained almost 32.81 percent. Based on year-to-date or YTD returns, shares of Neogen Chemicals have returned a multibagger of 131.59 percent. Meanwhile, after its initial public offering on the NSE, this stock has surged by more than 540 percent. As a consequence, ICICI Direct, a renowned brokerage company, has recommended buying Neogen Chemicals Limited shares with a target price of Rs. 2160. In the next 12 months, the brokerage expects the stock to rise by 26% from its current market price of Rs. 1721.

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