Potential 30-40% returns from Polycab & KEI Industries in the Rs 1.8 lakh crore-cables & wires sector fueled by industry growth, exports, and government policies favoring organized players and renewable energy.
While they come under the broad umbrella word of “Chemical sector” the fact is that it has three broad segments. Speciality chemical, Performance chemical or Commodity chemical. Each with its own operating matrix of supply chain and demand and also the valuations are different for each of them. In the last ten years, each of these segments have been going through a different cycle. But there is one common thread in all these segments, that is China. One news from China regarding whether it has started producing more of a chemical or there has been a shut down in any plant. The actual chemical prices and the stock price of the companies, both see wild swings. While it would be wrong to say that this will go away, over the long term there is a possibility that some segment in the chemical space will be able to delink and become less sensitive as more backward integration happens in that space. We look at the 5 stocks, where analysts have “hold” recommendations as
Get expert insights from Dharmesh Shah, Head-Technical at ICICIDirect, on the positive outlook for Reliance Industries and Bharat Dynamics Ltd (BDL). Discover the potential uptrend for Reliance and the consolidation phase of BDL in the current market scenario.
Brokerages initiate coverage and recommendations on Entero Healthcare, CreditAccess, Bharti Hexacom. Indigo Aviation downgraded by Axis Capital and Investec. CLSA retains buy on PVR Inox, emphasizing multiplexes as popular outdoor entertainment with growth plans in South India.
Sensex anticipates 1 lakh in 5 years, projected at 1.5 lakh by 2029. Market surge backed by diverse investors. Various stock upgrades and predictions indicate promising growth potential in the market.