Want to become rich? This stock will give WHOPPING 73% return in one year, say stock market experts
How to become rich through stock market investment is one of the common questions being asked by investors from their investment advisors. For such investors, this is the share to buy, say experts.
How to become rich through stock market investment is one of the common questions being asked by the investors from their investment advisors. For such share market investors, Alkyl Amines Chemicals is one such share to buy. If we look a the small-cap share's movement in the last six months, it has scaled from around Rs 820 per stock levels to Rs 1,140 per stock levels and the stock is expected to further scale up and hit Rs 1,840 per stock levels in next four quarters, say stock market experts.
Speaking on the Alkyl Amines Chemicals share price, Dipen Sheth, Head- Institutional Research, HDFC Securities said, "Alkyl Amines Chemicals has an edge in the industry as its peers are running at close to full capacity for Methyl Amines. Alkyl (1) Has 20-25 per cent idle capacity at Dahej and, (2) Will debottleneck another 15kTPA by FY21. This will enable market share gains as demand continues to grow unabated in pharma (around 50 per cent of sales mix). Volume growth should be near 10-15 per cent YoY in FY20 led by both pharmaceuticals and agrochemicals (around 20 per cent of sales mix)."
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Regarding what he would suggest share market investors do in regard to the Alkyl Amines Chemicals shares, Sheth said, "I would tell stock market investors to buy the counter for a target of Rs 1,840 in four quarters."
Elaborating upon the strategy that an investor can adopt while buying the Alkyl Amines Chemicals shares, Prakash Pandey, MD & CEO at Plutus Advisors said, "Alkyl Amines Chemicals are showing positive swing in coming one year but it has surged from Rs 820 to Rs 1,140 levels and hence, I am expecting some correction in the counter and it may go up to Rs 1,050 levels. I would suggest investors take a buy position in the Alkyl Amines Chemicals shares at these levels for the target of Rs 1,850 per stock levels. However, one must maintain the stop loss at Rs 940 levels."
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