Bajaj Hindusthan Sugar share price: Penny stock hits upper circuit, analyst sees up to 150% return | New Year Pick 2023 on Zee Business

Stocks To Buy For 2023: Shares of Bajaj Hindusthan Sugar Limited were locked in 10 per cent upper circuit at Rs 17.15 on NSE. The stock was recommended by Managing Director and CEO of Enoch Ventures Vijay Chopra on Zee Business channel in a special show 'New Year Pick 2023'.

Bajaj Hindustan Share Price

The company Bajaj Hindusthan Limited manufactures sugar. It is a leading ethanol producer. It is also a pioneer in fuel ethanol initiative.

According to Chopra, the company has sales of Rs 6000 crore and a market capitalization of Rs 2000 crore, which is less than its sales. Additionally, the company is revamping, indicating higher returns for investors.

Bajaj Hindustan Share Price Target: Rs 45/50

Duration: 1 year

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In the past 1 month, Bajaj Hindustan has yielded a whopping 55 per cent return, resulting in wealth gain for investors. YTD, the stock has gained nearly 14 per cent.

Meanwhile, Zee Business panelist and market expert Sumeet Bagadia have also recommended buying Bajaj Hindustan shares. He said that the stock is poised to gain as the chart structure is stronger. He has set a price target of Rs 20 on short-term basis.