Budget 2020 My Pick: Time to do bumper earning before budget day, this share will give you high returns
Budget 2020 My Pick: If you are planning to buy a share before Budget 2020, then you can invest in shares of the gas sector to earn high profits. Zee Business research team recommends investing in Aegis Logistics shares
Budget 2020 My Pick: If you are planning to buy a share before Budget 2020, then you can invest in shares of the gas sector to earn high profits. The Zee Business research team recommends investing in Aegis Logistics shares. If you talk about the price, you can buy this share at Rs 215. The company has positive triggers that would benefit stocks.
This stock is currently valued at 32% lower its peak price
This company exports LPG and also distributes it.
The stock has given returns of 1600% in the last 10 years.
Aegis logistics handles 20% of the overall LPG imported in the country.
The government has been continuously focussing on this company which may help the company get some tax benefits.
Strong balance sheet
Aegis Logistics has given 30% CAGR growth.
FY 16 net profit for Aegis Logistics was Rs 126 cr
FY 17 profits went up to Rs 134 cr
FY 18 profits for Aegis Logistics went up to 214 cr
FY 19 profits for Aegis Logistics went up to252 cr
Motilal Oswal recommends a 'Buy' for Aegis Logistics
आपके बजट में सस्ता शेयर : क्या दमदार फंडामेंटल वाले एजिस लॉजिस्टिक्स के शेयर में बजट से पहले बनेंगे कमाई के मौके?#ZeeBudget2020 #Budget2020 #UnionBudget2020 @AnilSinghvi_ @AshishZBiz pic.twitter.com/Y9Q0WqMlvS
— Zee Business (@ZeeBusiness) January 16, 2020
Moreover, the manner in which the government has been focusing on this company points to one thing that the company, going forward, could have profits. At least five brokers that Zee Business spoke to have recommended buying this share. Motilal Oswal has put the Target price at Rs 247.
View of brokers on the Aegis Logistics Share
CMP- Rs 215
See Zee Business Live TV streaming below
The company share price is Rs 215 and the stocks are very powerful with reference to the budget. The government is also planning to increase its focus towards higher consumption on LPG. This will have a positive impact on the share price.
Finance Minister Nirmala Sitharaman is set to present Narendra Modi led NDA government 2.0's first full budget on February 1, 2020, which is a Saturday. Notably, the budget has never before been presented on a Saturday.
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.