Stock to buy today: Expert recommends buying this cement stock trading below Rs 230, know target

Stock to buy: Everyone who invests in the stock market, wants to keep stocks that can provide good returns. Despite the market correction, market expert Sandeep Jain suggests betting on a cement stock. He has chosen a stock for retail investors that can be included in the portfolio from a short to long-term perspective. This share can provide huge earnings to investors in the coming time, according to him.

Stock to buy

Jain suggests investors buy Orient Cement. Experts said that correction is being seen in the midcap and smallcap sectors. It is believed that the market may go down before the elections. The expert said that he is giving a buying opinion on this stock for the second time. Earlier he had chosen to purchase in September 2021.

Orient Cement: Share price target

Jain recommends a 'buy' rating on the stock and suggests a target price of Rs 260 at the current market price (CMP) of Rs 224.85.

Why to buy Orient Cement stock

Market expert said that there is a good buying opportunity in this stock now. This stock is performing well after correcting from the above levels. This share has been corrected from the level of Rs 300. The promoters' holdings of the stock are quite good. This company has been working since 1979. The company's business is in Karnataka, Maharashtra and Telangana.

Orient Cement: Share price history

The company's shares have provided returns of around 10 per cent in the six months, and more than 75 per cent returns last year. 

Orient Cement's shares were trading at Rs 224.85 apiece, up 1.12 per cent on BSE today, May 7.