Petrochemicals Stock To Buy For Higher Return As Recommended By KR Choksey

KR Choksey has recommended investors to buy small cap Petrochemicals sector stock, Supreme Petrochem Ltd with a target price of Rs 427 apiece. Last trading price of the stock is Rs 366.00 apiece with intraday fall of 1.24%. If you buy Supreme Petrochem Ltd now, you can get potential return of 17%. Check details below:

1. Supreme Petrochem Ltd Stock Performance & Return

Stock Performance: Last trading price of the stock is Rs 366.00 apiece with intraday fall of 1.24%. The stock's 52-week high is Rs 513.53 apiece and 52-week low is Rs 315.00 apiece, respectively.

The company has a market capitalisation of Rs 6,882.31 crore.

Return: The stock declined a little over 2% in last 3-months, 12% in last 6-months, and gave a return of 14% in last 1-year. It surged 331% in last 3-years and 109% in last 5-years.

2. Valuation

According to KR Choksey, "SPL is enhancing its PS and EPS production capacities to cater to the increasing demand for its products. With enhanced capacity and healthy demand from end-user industries, SPL will witness strong growth in the future. We expect SPL to clock 11.3%, 8.5% and 10.0% CAGR growth in its revenue, EBITDA and PAT over FY22-24E period."

3. Supreme Petrochem Ltd About

Supreme Petrochem Ltd owns and operates state-of-the art production facilities from two locations in India, the first at Amdoshi - Wangani Village near Nagothane in District Raigad Maharashtra and the Second in New Manali Town near Chennai in Tamil Nadu. SPL exports its Products to more than 100 Countries around the Globe. It is an Undisputed leader of PS in India. Its product range covers the entire spectrum of Polystyrene Including Speciality Polystyrene, according to its official website. 

Disclaimer

The stock has been picked from the brokerage report of KR Choksey. 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 taking any investment decision.