The stock market has a bullish tendency. The boom offers investors several investment opportunities. Market experts have chosen a strong stock for investors to earn.
In the opinion of a market expert, bets can be placed on this stock. From a short- to long-term perspective, this stock can be added to the portfolio.
Let us tell you that on 20 September, Indian stock markets reached a good high. Due to the signs of strength received from global markets, domestic stock markets are also performing well.
In such a situation, investors also have a chance to make money. Retail investors can buy in the opinion of market expert.
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Expert Chose This Stock
A market expert has chosen DDev Plastiks Industries Ltd for purchase. The expert said that this stock is now trading at this price after correcting from the upper level.
The company’s quarterly results are also excellent. A good atmosphere has been created in the market and the midcap and smallcap sectors are showing decent performance.
Ddev Plastiks – Buy
CMP – 334
Target Price – 425
Why Buy This Stock?
The expert said that this company is the largest company in the country, which is a polymer compounds manufacturer. This company also works for the automobile, electronics, electrical industries.
The revenue of the company is good. The PE multiple for the stock is 18%. The return on equity of the company is 32 %.
Talking about quarterly results, in June 2023, the company earned a profit of Rs 38 crore while in June 2024, the company earned a profit of Rs 42 crore.
The margins of the company are good. The promoters’ shareholdings in the company are 74.97%.
Quick Fact
| Company name | Ddev Plastiks |
|---|---|
| Current Price | ₹334.20 |
| Possible target price | ₹425 |
| PE multiple | 18% |
| Return on equity | 32% |
| Promoter’s shareholding | 74.97% |
| Industries served | Polymer compounds, automobile, electronics, electrical |
| June 2023 profit | ₹38 crore |
| June 2024 profit | ₹42 crore |
| Sector performance | Midcap, smallcap performing well |
| Reason to buy | Largest polymer compounds manufacturer in India |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
