Stocks to Buy: know why chemical sector is in radar of this analyst; 4 stocks that could give handsome returns
Looking for top stocks and sectors to buy? In chat with Zee Business market expert Siddharth Sedani has suggested 4 stocks from chemical theme, where investors can expect significant returns on investment.
Reported by Tanuja Yadav
Looking for top stocks and sectors to buy? In chat with Zee Business market expert Siddharth Sedani has suggested 4 stocks from chemical theme, where investors can expect significant returns on investment.
The recommendations were made to Managing Editot Anil Singhvi and these stocks are viz. Aarti Ind, Deepak nitrite, Navin Fluorine, and Vinati organics.
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Why invest in chemical theme stocks?
Sedani believes India ranks 6th in global chemical production and is likely to become the fourth largest chemical producer, soon. Additionally, speciality chemicals in the country have grown at a 14 per cent CAGR. The chemical sector will also benefit from 12 PLI schemes. In this regard, experts say the theme can make investors rich.
The recommendation by the Zee Business expert panel are as follows:
Aarti Industries: CMP - Rs 995.25 I Target - 1230 I Return (1 year) - 24% I Allocation - 30%
Deepak Nitrite: CMP - Rs 2358.30 I Target - Rs 2650 I Return (1 year) - 14% I Allocation - 30%
Navin Fluorine : CMP - Rs 3965.85 I Target - Rs 4250 I Return (1 year) - 7% I Allocation - 20%
Vinati organics: CMP - 1964 I Target - Rs 2150 I Return (1 year) - 10% I Allocation - 20%
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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