- Date : 01/09/2023
- Read: 2 mins
The chemical sector has been witnessing good growth as many stocks perform well. Here is a list of the top 5 stocks that lead the race in their sector, having delivered the highest returns basis their 5-year CAGR.
As of 2nd August 2023, many chemical stocks have shown good performance by delivering positive returns to investors. The stocks range across different types of chemical companies like fertilisers and agrochemicals, diversified chemicals, commodity chemicals, and specialty chemicals. The top-performing chemical stocks listed on the Nifty 500 can be sorted on the basis of their –
Return on Capital Employed (ROCE)
Upon sorting, 5 stocks have emerged as clear winners delivering the highest 5-year CAGR for investors. Let us look at the top 5 stocks that can be a good addition to your portfolio.
The chemical sector has witnessed good growth due to high demand from consumers and other sectors
Many chemical stocks have delivered good returns over the past year
Some of the leading stocks include Fertilisers and Chemicals Travancore Limited, Deepak Nitrite, Linde India Limited, etc.
You can invest in the top-performing chemical stocks for their growth potential and portfolio diversification
Top 5 Chemical Stocks
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All these companies have reported a growth in their revenue and net income over the last 5 years and their CAGR is also good. They can be a good addition to your portfolio if you are eyeing chemical stocks for investment. However, take an informed investment decision considering the involved risks and after an assessment of each stock’s technical and fundamental data.
Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.