If you look at the market from the last Holi to this Holi, the Nifty has given a return of 37 percent. At the same time, the Nifty Midcap has given a return of 46 per cent, while the Nifty Smallcap has given a return of 53 per cent.
Ashish Maheshwari of Arihant Capital has advised to buy in this stock and he says that it will see a target of 1000. He said that the prices of hot rolled and cold rolled steel have increased. After December, there has been a jump of 10 percent in prices. Apart from this, it can turn a profit from losses in the March quarter. He said that against the loss of Rs 1700 crore on an annual basis in the company, a profit of 4500 crore is possible. At the same time, due to decreased production in China, exports will get support.PRAJ IND
Market expert Ambarish Baliga has advised to buy in this stock with a stop of Rs 240. He said that by 2025, ethanol blending will increase from 6 percent to 20 percent. Apart from this, increasing demand for ethanol will increase. At the same time, the demand for ethanol will also increase with E-100 fuel. There is no problem of raw material for production in this. At the same time, new possibilities will also open in biogas.
Hemang Jani of MOFSL recommends buying this stock for a target of 4530. He said that these APIs are business giants. It is projected to grow at 21 percent in FY20-23. At the same time, income is expected to continue to improve by adding new capacity and adding new products will also help the company. At this time, there is a nominal loan on the company, the interest cost is less, while better cash is available for the new project.
Gaurang Shah of Geojit Financial has advised to buy into this stock and said that it can see a target of Rs 2880. He said that it is the country’s leading paint company. It also has business abroad.
Rajesh Agarwal of Rajesh Agarwal AUM Capital has advised to place bets in this cement stock and he said that the third quarter results of this company have been excellent. There has been a good increase in revenue and volume. The company aims to double production capacity in 3 years. Not only this, the company’s focus is on reducing debt.
Market expert Sudipto Bandopadhyay has advised to buy in this stock and said that the target of 1700 will be seen in it. The management of the company is excellent and there is a recovery in the company business. He further said that increasing government spending on infra is a positive sign. The company’s orderbook is strong, working capital and cash flow improving. The company has a focus on restructuring non-core assets. The company will benefit from the capex expansion in hydrocarbons.
(Disclaimer: Views and investment advice given on News18 Hindi Investment experts have their own personal views and opinions. News18 advises Hindi users to consult a certified expert before taking any investment decision.)