Stock to Buy: Analyst Sandeep Jain recommends Bhagiradha Chemicals for this target price; know why this share is poised for an upside
On the yearly basis, the PAT stood at 36 crore for the last year. Thus we can see that the company is having good consolidation, Jain told Zee Business.
Stock to Buy: Market expert Sandeep Jain today recommended Bhagiradha Chemicals & Industries Limited shares for good gains. The stock was recommended in a popular TV show ‘Jain Sahab Ke Gems’ in chat with Zee Business Managing Editor Anil Singhvi.
Jain said that the company is promoted by technocrats with a very strong back ground and the company manufactures high quality pesticides. The fundamentals of the company are very strong and the sector is also very good, the Tradeswift Director added.
Bhagiradha Chemicals has been giving good results, Jain said. The return on capital employed is around 24-25 per cent while the return on equity is 21 per cent, and the growth CAGR over the last five years is around 105 per cent, Jain said. Over the 7-year period it is 46 per cent, he further added.
This reflects a continuous growth given by the company.
See Zee Business Live TV Streaming Below:
Apart from this, the Profit after Tax or PAT for the company was at Rs 7 crore in March quarter 2021 while in March 2022 quarter its stood at Rs 11 crore, crossing double digit mark for the first time.
On the yearly basis, the PAT stood at 36 crore for the last year. Thus we can see that the company is having good consolidation, Jain told Zee Business.
He said that it doesn’t appear that there is a big downside if one looks at the technical charts. He said that his recommendation is a buy with a small target price.
The stock was trading at Rs 925 on the NSE. He puts the target price at Rs 1050.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
04:10 PM IST