Multibagger stock gives 300% return: Cochin Minerals share rises from ₹103 to ₹405 in 9 months

The stock of Cochin Minerals & Rutile Limited has given bumper returns to its investors in the last few months. This multi-bagger stock has given its investors handsome returns of nearly 300% over the previous 9 months.
Shares of specialty chemicals major Cochin Minerals have lost around 2.5% this week. It was at a record high last month and has slipped about 25% from this height.
However, in the long term, it has made its investors millionaires. Talking about the current condition of the shares, on Friday (June 23) it closed at Rs 304.20 on BSE with a fall of 1.23%. Its total market cap is Rs 238.19 crore.
Last year, on July 4, 2022, the share of Cochin Minerals was at a one-year low of Rs 103. After this, it climbed 293% to Rs 405 on 23 May 2023 in about 9 months. This is the record high level of its shares. However, the stock's rally stopped here and since then it has slipped about 25% from the record high.
The share price of Cochin Minerals as on March 30, 2001, was just Rs.2.80. Compared to then, it is increasing by 10,764% to Rs.304.20. That is, in 22 years, this stock has turned Rs 1 lakh of its investors into Rs 1.08 crore. Cochin Minerals has given good returns to its investors in the long term as well as in the short term.
Cochin Minerals & Rutile Limited (CMRL) is one of the world's leading manufacturers of high-quality synthetic rutile. It is titanium oxide, which is used in things like glass, porcelain, and earthenware (ceramics).
According to the details on the company's site, it is the country's largest manufacturer of Aqua Ferric chloride, which is used to purify water. Its plant is in Adyar Industrial Development Area, about 15 km away from Cochin Port.
Talking about the financial condition of the company, in January-March 2023, its net profit has come down by about 23% on a quarterly basis from Rs 16.81 crore to Rs 13 crore.