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HDFC Securities Indian Chemical Sector 2.0 Stock Picks: Buy 7 Stocks For Returns Up To 47%

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Leading brokerage firm HDFC Securities has recommended investors to invest in 7 stocks from the chemical sector in its "Indian Chemical Sector 2.0" report published on 5 December 2022. These 7 stocks are Aarti Industries, Aether Industries, Ami Organics, Galaxy Surfactants, Navin Fluorine, Neogen Chemicals, and NOCIL. According to the brokerage's given target price, if you buy these stocks today at the current market price, you could get a maximum return of 47%. Check the stocks' key details below:

 
StocksTarget PricePotential Upside (%)
Aarti industries82524
Aether Industries107018
Ami Organic116020
Galaxy Surfactants369033
Navin Fluorine514017
Neogen Chemicals189047
NOCIL30028

1. Aarti Industries Limited

1. Aarti Industries Limited

HDFC Securities is bullish on Aarti Industries, suggesting "buy" for 24% upside with a target price of Rs 825/share. The stock is currently trading at Rs 668.45/share, 0.94% down from the previous close.

It is trading near its 52 week low level. It hit its 52 week low on 19 October 2022 at Rs 642.30. The 52 week high is 1,118 as on 18 January 2022.

It is a multibagger mid cap stock with Rs 24,168.14 market cap. The stock has fallen 8.87% in 1 month, 21.29% in 3 months and 30.13% in 1 year, respectively. In 3 and 5 years, it has given 71.14% and 203.86% robust gains.

2. Aether Industries Limited
 

2. Aether Industries Limited

HDFC Securities recommends "buy" Aether Industries with a target price of Rs 1070/share. The brokerage sees a potential upside of up to 18% in the share prices with the given target price. The stock is currently trading at Rs 911.15/share. Its 52 week low is Rs 701 and 52 week high is Rs 1,048.90, respectively.

It is a recently listed mid cap stock with a market cap of Rs 11,322.94 crore. The stock got listed on 3 June 2022. It surged 17.67% since its listing date. In 1 month it fell by 3.48% and in 3 months it grew by 2.69%.

3. Ami Organics Limited

3. Ami Organics Limited

HDFC Securities has recommended investors buy Ami Organics with a target price of Rs 1060 apiece. According to the target price, if you buy the stock today, it can offer you 20% potential return. 

The current market price (CMP) of the stock is Rs 972/share, trading 1.79% down compared to its previous close. Its 52 week high level is Rs 1,175.90 and its 52 week low level is Rs 766.10, respectively. 

The stock made its debut on NSE on 14 September 2021. Since the date of listing, it grew by 4.27%. However, in past 1 week, it fell by 2.89% and in 3 months it fell by 8.04%, respectively. Over a year, it fell by 0.99%. It is a small-cap stock with a market capitalisation of Rs 3,548.97 crore. 

4. Galaxy Surfactants Limited

4. Galaxy Surfactants Limited

HDFC Securities is bullish on Galaxy Surfactants, suggesting "buy" for 33% gains with a target price of Rs 3690/share. The stock is currently trading at Rs 2776.20/share, 0.27% up from its previous close. The is trading near 52 week low, which it recorded on 17 May 2022 at Rs 2,585. Its 52 week high is Rs 3447.55, recorded on 7 September 2022.

It is a small-cap stock listing on 8 February 2022, having a market cap of Rs 9,820.97 crore. Since its listing, it grew 62.75%. However, it fell 15.06% in 3 months and 1.09% in the past 1 year. It grew 91.38% in the past 3 years.

5. Navin Fluorine International Limited

5. Navin Fluorine International Limited

The brokerage has given a "buy" call to Navin Fluorine with a target price of Rs 5140/share. If you buy the stock at the current market price you can get a potential return of up to 17%. 

The current market price of the stock of Navin Fluorine is Rs 4,404.70/share. The stock is trading near its 52 week high which is Rs 4,848.35, recorded on 15 September 2022. Its 52-week low is Rs 3,360. It is a mid cap stock having a market capitalisation of Rs 21,681.71 crore. 

It is a multibagger stock with 398.13% returns in 3 years and 534.48% returns in 5 years, respectively. In the past 1 week, it grew 2.42% and fell 1.98% in 1 month, respectively. In a year, it gave 17.1% positive returns.
 

6. Neogen Chemicals Limited

6. Neogen Chemicals Limited

HDFC Securities is bullish on Neogen Chemicals' stock, recommended buy with a target price of Rs 1,890/share. If you buy the stock today at the current market price, you would likely get a return of 47%.

The current market price (CMP) of the stock is Rs 1285/share, trading 0.33% down as compared to the previous close. Its 52-week low is Rs 1,200 and its 52-week high is Rs 1,930, respectively.
 
It is a small-cap stock with multibagger returns. It has a market capitalisation of Rs 3,203.33 crore. The stock gave 2.03% negative return in 1 week, 14.59% in 1 month, and 14.7% in 3 months, respectively. It fell by 22.53% in 1 year. However, it gave 261.62% multibagger returns in 3 years. Since its listing on 8 May 20219, it grew 387.55%. 

7. NOCIL Limited

7. NOCIL Limited

HDFC Securities has assigned a buy call to NOCIL with a target price of Rs 300/share. According to the broker's given target price, the stock is likely to give 28% positive returns. 

The stock is currently trading at Rs 235/share, 0.95% down from its previous close. It is trading near its 52 week high which is Rs 294.90, recorded on 12 September 2022. Its 52 week low is Rs 190.70, recorded on 24 February 2022. 
It is a small-cap stock with a market capitalisation of Rs 3,912.30 crore. The stock in the past 1 week fell by 1.65%, in the past 1 month, fell by 3.93% and in the past 3 months, fell by 17.67%, respectively. In the past 1 year, it gave 1.75% positive returns. In the past 3 and 5 years, it gave 141.17% and 39.86% positive returns, respectively.
 

Disclaimer

Disclaimer

The stocks have been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.

 

Story first published: Tuesday, December 6, 2022, 15:16 [IST]
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