BUY Mitsu Chem Plast - Check share price target by Zee Business expert | Jain Saab Ke Gems

Mitsu Chem Plast share price can deliver a return of 20 per cent from the current level. According to Sandeep Jain, Mitsu Chem Plast share price can reach Rs 370 apiece in 4 to 6 months.

BUY Mitsu Chem Plast - Check share price target by Zee Business expert | Jain Saab Ke Gems
Mitsu Chem Plast share price: Sandeep Jain said that Mitsu Chem Plast share price can deliver a return of around 20%. Pic: https://twitter.com/ZeeBusiness

Mitsu Chem Plast share price: Market expert Sandeep Jain on Tuesday recommended Mitsu Chem Plast share to the Zee Business views for good returns. In a special edition 'Jain Saab Ke Gems', aired on Zee Business with Managing Editor Anil Singhvi, he said that Mitsu Chem Plast is a polymer based moulded products manufacturing company and has reported strong numbers in the last few quarters.

The company, established in 1990, is engaged in the business of manufacturing and marketing technically driven innovative products catering to growing industry segments.

Talking about the fundamentals of the company, Sandeep Jain, director, Tradeswift Broking, said that the company is performing well for the last 6-7 quarters. He added that the company has a PAT ( profit after tax) of Rs 13 crore in the last 12 months.

Mitsu Chem Plast Share Price 

Mitsu Chem Plast Share Price Target Rs 370/375 (4-6 months)

Jain said that promoters have a shareholding of 73 % in the company. IDBI Mid Cap Fund has bought equity of around 1 % in the December quarter. Arti Groups hold 5-6%.

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Written By: ZeeBiz WebTeam
Updated: Tue, Sep 06, 2022
04:52 PM IST
New Delhi, ZeeBiz WebDesk
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