DCM Shriram Industries Limited (NSE: DCMSRIND): If you are looking to invest in the Indian stock market, bet on an expert’s advice.
An expert in the field has selected a reputable stock to purchase. The stock could be included within the portfolio from the perspective of a long-term to short-term.
As of the 10th of September, the stock market is fluctuating. In this scenario, it is possible to take the opinions of market experts about the best stock to buy.
Market experts say that this stock could help investors make a lot of dollars. A stock of Rs 199 profit growth with 21 percent, which may double soon. The experts predict strong gains.
Table of Contents
Market Expert Trusts This Stock
A well-known market expert has endorsed DCM Shriram Ind. The expert has provided an opinion of buy on this stock.
The expert has stated that the company’s merger will happen soon and has been made public. The company is involved in various industries.
The analyst said that he previously gave an investment recommendation on the stock, and he is an investor in multiple bags.
- DCM Shriram Ind – Buy
- CMP – Rs 194
- Target Price – Rs 240 to Rs 250
- Time – 6 – 12 months
How Are The Fundamentals Of The Company?
Investors who have an eye on the long term can invest in this stock. The stock of the company is traded at a PE ratio of 14.
The company’s profit growth is 21 percent over the last three years. In June 2023, the business was able to report profits of Rs 27 Crores.
Similarly, in the quarter ending June 2024, it earned an income of Rs 31 crore. Investors from both countries hold an equal share of 10 percent of the business.
The foundations of this stock are sound and it trades at an affordable price.
Quick Fact
| Company name | DCM Shriram Ind |
|---|---|
| CMP | ₹194 |
| Possible Target Price | ₹240 – ₹250 |
| Time | 6 – 12 months |
| PE Ratio | 14 |
| Profit Growth (3 years) | 21% |
| Profit (June 2023) | ₹27 crore |
| Profit (June 2024) | ₹31 crore |
| Investors Share | 10% (Domestic + International) |
| Industry Diversification | Yes |
| Merger Announcement | Public |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
