Here is a list of top stocks to buy this Muhurat Trading day for a potential upside of up to 48% in Samvat 2074:National Peroxide: BUY| Target Rs2965| Return 48%
National Peroxide, controlled by the Wadia Group, is the largest domestic producer of hydrogen peroxide, with a current capacity of 95,000 MTPA and has a domestic market share of 45 percent.
National Peroxide is benefitted from Anti-Dumping duty as it has been levied on Hydrogen Peroxide for a period of 5 years on imports from six countries i.e. Bangladesh, Taiwan, South Korea, Indonesia, Pakistan, and Thailand. In India imports of hydrogen peroxide contribute nearly 20 percent of demand.
Its market leadership position, new capacity expansion, the strong domestic demand of Hydrogen Peroxide makes us buoyant about NPL growth story. The stock trades at 23.3x its FY19E earnings. Sintex Plastics Technology: BUY| Target Rs135| Return 48%
Sintex Plastics Technology Limited (SPTL), is a globally respected cong…