Himadri Speciality Chemical share price has been undergoing some correction due to profit booking at higher levels, raising speculation among investors about whether or not they should buy the dips. The stock has given healthy returns to its investors in the past despite stock market volatility.
Over the last six months, the stock has gained 40%, compared to a 5% drop in the stock market benchmark Sensex. Over longer timeframes of three and five years, it has given multibagger returns of nearly 160% and 1,210%, respectively.
However, on a monthly scale, it is down more than 2% so far in October after a 3% rise in September.
Himadri Speciality Chemical shares hit their 52-week high of ₹819.50 on 21 July this year after dropping to their 52-week low of ₹420 on 24 November last year.
In intraday trade on Wednesday, 14 October, the stock rose by nearly 1%.