Diwali stock on Zee Business: THIS petrochemical company share can deliver 100% return in a year - Check target price

Diwali stock on Zee Business: In a special edition of Diwali Investment Idea (DII) aired on Zee Business today, October 14, morning, Avinash Gorakshakar of Profitmart Securities recommended a petrochemical company stock for investment. The stock is - Manali Petrochemicals Limited (NSE: MANALIPETC).

Avinash said that the company has received the government's approval for expansion. He said that the petrochemical company is looking forward to triple the capacity after Rs 1500 crore expansion approval.

According to the analyst, the decrease in crude oil price will benefit the company since crude is one the raw materials used by them.

Manali Petrochemicals Limited

Manali Petrochemicals Share Price: Rs 95.60

Manali Petrochemicals Target Price: Rs 186 (Duration of 8-12 months)

Manali Petrochemicals manufactures and supply innovative polyurethane raw materials and blended systems for variety of industries such as appliances, automotive, furniture, footwear, paints, coatings, pharmaceuticals and food & fragrances.

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निवेश की एक शानदार DII PICK

shiदिवाली में दमदार रिटर्न वाले #Stocks

आज प्रॉफिटमार्ट सिक्योरिटीज के अविनाश गोरक्षकर बताएंगे कौनसा खरीदें शेयर, क्या रखें टार्गेट्स?

देखिए आज की DII PICK...@AnilSinghvi_ #StocksToBuy #Investment @AvinashGoraksha pic.twitter.com/c68yvrIR1U

— Zee Business (@ZeeBusiness) October 14, 2022

Based in Chennai, the petrochemical company stock has declined from Rs 124.45 to Rs 94.40 in six months. 

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