Budget 2021 Stock Picks With Anil Singhvi: This chemical and fertilizer company is market expert Vijay Chopra’s pick - Here is why
Budget 2021 Stock Picks With Anil Singhvi: Zee Business Managing Editor Anil Singhvi invited market expert Vijay Chopra on 'Budget My Pick' programme on Thursday. In the special programme, the Market Guru asked him to reveal a stock that could potentially give good return to investors.
Zee Business Managing Editor Anil Singhvi invited market expert Vijay Chopra on 'Budget My Pick' programme on Thursday. In the special programme, the Market Guru asked him to reveal a stock that could potentially give good return to investors.
The stocks under this banner are being recommended in line with the anticipated provisions may be made in the Budget 2021.
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Chopra, talking to Market Guru Anil Singhvi, recommended Rashtriya Chemicals & Fertilizers Ltd as his budget stock pick. He said, "RCF is a leading Indian government company in the field of chemical and fertilizer segment. It has been in the business for many years now. From the budget perspective, the stock could be bought for a target of Rs 75 at the current level," he said. The stock was trading around Rs 54 on Thursday.
Market expert Vijay Chopra said India is currently net importer in urea. "The country imports around 50 lakh tons urea. We are not self-sufficient in urea as of now. The government is very likely to remove duty of 5 per cent that it imposes on it in this budget. If this happens the bottom line of the company will improve significantly. Apart from this, there is in all likelihood that duty on finished goods will be also imposed, ultimately helping the urea manufacturing companies," Chopra said.
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Keeping everything in mind, the RCF share should be bought around Rs 58 for a target of Rs 75 in 3 to 6 months' time, he added.
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