5 Chemical Stocks To Buy: Analysts Pick Top Stocks Showing Potential To Soar, Max TP Rs 4104

Two analysts have picked 5 stocks from the chemical sectors showing potential to rally. These stocks are Deepak Nitrite, Neogen Chemicals, Galaxy Surfactants, Aether Industries, and Navin Fluorine International.

1. Buy Navin Fluorine International Share: HDFC Securities has recommended buy call to Navin Fluorine International shares with target price of Rs 4014. Current market price of Navin Fluorine International share on BSE is Rs 3163.05 per share with intraday gain of 0.89%. The 52-week high price of Navin Fluorine International shares on BSE is Rs 4922.00 per share and 52-week low price is Rs 2900.20. Its market cap is Rs 15,681.89 crore. In last 1-month, Navin Fluorine International stock gained 3.82%, declined 25% in last 1-year, and surged 328% in last 5-years.

2. Buy Deepak Nitrite Share: Leading brokerage firm JM Financial has listed Deepak Nitrite shares under buy list with target price of Rs 2565 per share. Current market price of Deepak Nitrite share on BSE is Rs 2208.10 per share with intraday fall of 0.30%. The 52-week high price of Deepak Nitrite share on BSE is Rs 2520.00 per share and 52-week low price is Rs 1795.00 per share, respectively. Its market cap on BSE is seen at 30,081.49 crore. Deepak Nitrite stock gained 3.92% in last 1-week span, fell 11% year-to-date, and jumped 22% in last 1-year. In last 3-years, Deepak Nitrite shares gave return of 36% and zoomed 686% in last 5-years.

According to the analyst, "We believe Deepak Nitrite's MoU for investment of Rs 14,000 crore (Rs 12,500 crore for phenol/acetone downstream and INR 15bn for specialty) (to be completed by CY27) will put it in the league of chemical giants such as Covestro, Evonik, Huntsman, etc."

3. Buy Neogen Chemicals Share: HDFC Securities has assigned buy call to Neogen Chemicals shares with target price of Rs 2127. Current market price of Neogen Chemicals shares on BSE is Rs 1300.65 per share with intraday gain of 0.16%. The 52-week high price of Neogen Chemicals shares on BSE is Rs 1851.05 per share and 52-week low price is Rs 1148.80 per share, respectively. The company's market capitalisation is Rs 3420.38 crore on BSE. Neogen Chemicals shares soared nearly 9% in last 1-week, declined 28% in last 6-months, and offered return of 54% in last 3-years. The scrip surged marginally by 0.10% in last 1-year.

4. Buy Galaxy Surfactants Share: HDFC Securities has suggested buy call for Galaxy Surfactants shares with target price of Rs 3529 per share. The mid cap company came into existence in 1986. Current market price of Galaxy Surfactants shares on BSE is 2529.95 per share with intraday gain of 0.54%. The company's market capitalisation is Rs 8969.87 crore. In last 1-week, Galaxy Surfactants shares gave return of 11.48%, soared 9% in last 2-weeks, declined marginally by 4% in last 6-months, and gave return of 150% in last 5-years. In last 1-year, Galaxy Surfactants stock zoomed 5% and declined 15% in last 2-years.

5: Buy Aether Industries Share: HDFC Securities has listed Aether Industries shares under buy call with target price of Rs 1124 per share. Current market price of Aether Industries shares on BSE is Rs 845.30 per share with intraday fall of 0.48%. The 52-week high price of Aether Industries shares on BSE is Rs 1210.80 per share and 52-week low price is Rs 775.00 per share, respectively. The company's market capitalisation is Rs 11204.47 crore. In last 1-week, Aether Industries shares zoomed over 8%, gained over 5% in last 2-weeks, and declined 7% in last 1-year.

Disclaimer:

The stocks have been picked from the brokerage report of Motilal Oswal. 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.