Wednesday, May 29, 2024
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The year 2022 has been tumultuous one for equity investors as global inflation and widespread central bank tightening meant that stocks ceased to give lip-smacking returns.

The biggest multibagger of 2022 has turned out to be a little-known coal supplying company and it owes its fortune to the energy crisis.

Shares of Hemang Resources Ltd, formerly known as Bhatia Industries & Infrastructure Ltd, surged over 2,277 percent this year. Beginning the year at Rs 3, the share now trades at Rs 70. The company is into coal trading and infrastructure. The company sells imported and indigenous coal. It also trades in land, and provides stevedoring and logistics services.

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