Anil Singhvi pick of the year 2023: Buy MTAR Technologies shares - check price target | MTARTECH Share Price NSE

Anil Singhvi pick of the year 2023, MTAR Technologies Share Price Target 2025: Zee Business Managing Editor and Market Guru Anil Singhvi has recommended shares of MTAR Technologies, NSE: MTARTECH, to the viewers in a special segment 'Pick Of The Year'. The recommendation was made by him on Thursday, January 5. He said that the shares of the machine industry company have the potential to yield more 100 per cent returns on long term basis. 

Singhvi said that the company has clean and experienced promoters and also they have no legal cases. He said that its promoters include scientists who have worked for space agency Indian Space Research Organisation (ISRO).

He said that the government's decision to approve the National Green Hydrogen Mission would benefit the company. He said that it is a landmark step towards sustainable development and creating investment opportunities. MTAR, he said, would be benefited from the decision.

The government has approved a Rs 19,744 crore incentive plan to promote the manufacturing of green hydrogen in the country in a bid to cut emissions. According to the government, the aim is to produce 5 million tonnes of green hydrogen per annum in the next five years and the incentives would help bring down the cost.

Companies are today becoming (Environmental, social, and governance) compliant and their valuations are increasing, he said. Companies that are moving towards green hydrogen are bound for growth and support from policymakers. 

MTAR manufactures electrolyzers and hydrogen boxes that are required for the production of green hydrogen. 

Another important factor that is favour of the company is that it supplies products such as hot boxes, hydrogen boxes and electrolysers to Bloom Energy. According to the company's website, it supplies products to the US-based Bloom Energy with which it has been associated with for over 9 years. Singhvi said that the company's 50 per cent revenue comes from Bloom Energy which is a leading green energy company in the world. Also, NASA is the preferred partner of Bloom Energy.

Singhvi said that MTAR's valuation is cheap and that its order book can rise 7-8 times. He suggested Zee Business viewers buy the shares of MTAR Technologies for long term and add on every dip.

MTAR Technologies Share Price Target: Rs 2500/3000/4000

Duration: 5 Years

Singhvi said that the stock's price can even climb to Rs 5,000 in long term.

Bank privatisation: NITI Aayog junks reports, says 'no such list shared'

136% return in 6 months: This Indian Railways stock is poised to climb further - check price target