This Radhakishan Damani-backed stock has delivered a 2x return on investment in 6 months

The stock rose 5% to ₹661.2 per share, its upper circuit limit. The company's market capitalisation is ₹566.3 crore, while its free float m-cap is ₹226.5 crore.

In the past month, the scrip has gained 47.6%. The company has given returns of 95% in the last six months.

Year-to-date (YTD), the scrip has gained 72.2% and has jumped 65% in the past year.

The stock has been on a rise since September 3, when promoter Kamalkumar Ramgopal Dujodwala bought 3.2 lakh equity shares, or a 4% stake, worth ₹17.82 crore in a block deal.

Ace investor Radhakishan Damani has held a 2.2% stake in Mangalam Organics since the first quarter of the financial year 2020-21.

The commodity chemicals maker's net profit increased 456.6% to ₹1.6 crore in Q1 FY25 against ₹30 lakh in the corresponding period last year.

Revenue from operations stood at ₹117.9 crore in the June quarter of the current fiscal, up 8.3% from ₹108.9 crore a year back.

Mangalam Organics is into manufacturing chemicals such as camphor, isobornyl acetate, dipentene, isoborneol and sodium acetate. The company has retail presence under brands CamPure and Mangalam.