IDBI Capital Lists 3 Stocks From Plastic Sector As Top Picks, Suggests Buy, Hold For Upto 50% Gains

IDBI Capital has listed 3 stocks namely Prince Pipes & Fittings Ltd., Safari Industries (India) Ltd., and Astral Ltd. as top picks for investments. The brokerage assigns "Buy" on Prince Pipes & Fittings Ltd. and Safari Industries (India) Ltd., Whereas, a "Hold" on Astral Ltd. Check below to know more:

Buy - Prince Pipes & Fittings Ltd.

IDBI Capital has placed a "Buy" on Prince Pipes & Fittings with a target price of Rs 861/share. If you buy the stock at the current market price it could give 50% return. The stock is currently trading at Rs 575.80/share on NSE.

The stock has gained 4.62% in 1 week. However, it has fallen 5.75% in 1 month and 8.91% in 3 months, respectively. It has fallen 7.43% in 1 year. It gave a multibagger return of 289.84% in 3 years.

The stock recorded 52 week high on 11 April 2022 at Rs 730/share and 52 week low on 10 November 2022 at Rs 510/share, respectively. This is a midcap stock operating in the plastic sector (Pipes & Fittings Industry) having a market capitalisation of Rs 6,366.14 crore.

Buy - Safari Industries (India) Ltd.

IDBI Capital has assigned a "Buy" on Safari Industries with a target price of Rs 2499/share. The stock is likely to give a return of up to 22% if purchased today at the current market price (CMP). The stock's CMP is Rs 2,060.10/share.

It has given 4.52% in 1 week, 15.67% in 1 month and 23.67% in 3 months, respectively. The stock has given multibagger returns of 133.74% in 1 year, 264.2% in 3 years and 287.7% in 5 years, respectively.

Its 52 week high is Rs 2,130/share recorded on 13 February 2023 and 52 week low is 819.20/share recorded on 16 May 2022, respectively. The stock operates in the plastic sector (luggage industry) having a market capitalisation of Rs 1,296.01 crore. It is a small-cap stock.

Hold - Astral Ltd.

IDBI Capital has assigned a "Hold" tag to the stock of Astral with a target price of Rs 2,244/share. It can fetch gains of up to 17% if purchased at the current market price. The stock is currently trading at Rs 1,923.45 apiece.

In 1 week, the stock gained 2.68%, however, it has fallen 8.06% in 1 month. In 1 year it gained 4.04%. It gave a robust return of 128.86% in 3 years and 276.48% in 5 years, respectively.

The stock recorded 52 week high on 9 September 2022 at Rs 2,654.80/share and 52 week low on 20 June 2022 at Rs 1,581.55/share, respectively. It is a midcap stock Plastic sector (Pipes & Fittings Industry) having a market capitalisation of Rs 38,749.57 crore.

Disclaimer

The stocks have been picked from the brokerage report IDBI Capital. 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 consult with certified experts before making any investment decision.