111% return in 1 year: Brokerage sees over 35% in this stock - Check details

Shares of Anmol India, a bulk supplier of imported coal, have been gaining for the last three days and surged 5.16 per cent in the same period. The multibagger stock, which has already given a positive return of around 111 per cent in one year, is expected to gain further. 

According to Profitmart reports, Anmol India shares are expected to touch Rs 87 per share levels in the long term. The scrip ended Wednesday's session at Rs 64.22 apiece - which means a jump of around 35.47 per cent is expected. 

"...we believe that the Anmol India Ltd should be purchased at the current price for a price target of around Rs 87 over the next 18 months," the report said. 

The borkerage firm said that Anmol looks attractive from a long-term perspective considering the he company’s future growth outlook in the coal trading segment.

Currently, Anmol commands a sizeable share of the USA coal market in India with its sales operations covering almost half of the country. The company specialises in supplying high GCV coal, USA coal, Indonesian coal, Saudi pet coke and USA pet coke. All products supplied by the company are quality-tested by an independent body.

As per information available on the BSE, Anmol India shares have climbed 52 per cent in the past three months as against 3.15 per cent jump in Sensex. On YTD basis, it has surged over 113 per cent and in the past three years, the stock has made investors wealthier by a whopping 858 per cent.