Diwali Stock Investment Plan: As Diwali approaches, the stock market is witnessing a shift from continuous selling to buying, presenting an exciting earning opportunity.
Start investing in this stock for huge profits. Market experts have identified APL Apollo, a metal sector stock, as a promising choice for investors looking to make substantial profits during the festival season.
Diwali Stock Investment Plan
- Festive Celebration Across the Nation
- Market Resurgence Presents Earning Opportunities
- Expert’s Choice: APL Apollo in Focus for Diwali Investments
Metal Sector Glimmers with Potential
Sunny Aggarwal from SBI Securities recommends APL Apollo shares, currently trading at approximately Rs 1540, with a target price of Rs 2050. Investors are advised to consider a 6- to 12-month investment horizon.
Aggarwal forecasts APL Apollo’s sales volume to reach 2.8 million tonnes in FY24, poised to increase to 3.8 million tonnes in FY25. The company is expected to double its profits over the next two years, reaching Rs 1500 crore in FY25. Furthermore, market experts anticipate the company’s free cash flow to reach Rs 2000-2100 crore in FY25, underlining the potential for substantial returns. The company’s return ratios also stand out, ranging between 20-25%.
Disclaimer:The investment advice provided here is based on insights from market experts and brokerage houses. These recommendations do not necessarily reflect the views of Zee Business, and it is advisable to consult with your financial advisor before making investment decisions.
Read More
