Stocks to buy: APL Apollo Tubes and INOX India among 6 stocks that can give solid double-digit returns in 1 year
Uday Kotak of Kotak Bank shows THIS wild card as he warns to be ready for turbulence Two experts - Narendra Solanki of Anand Rathi and Chirag Shah of ICICI Direct - suggest the following six stocks to buy for the next 12 months. As per them, they can give solid double-digit returns in the next one year. Take a look: The company's management focuses on expanding to 4 million tonnes of capacity by the end of FY24 and 5 million tonnes by FY26.
It plans to set up plants in eastern India and the Middle East respectively. The company aims to reach 10 million tonnes of capacity by FY30. APL aims to establish a new plant in East India with a capacity of 0.2 MTPA.
The land acquisition is in process for the project and is expected to be completed by the end of FY25. The company remains confident on the growth path with a core focus on capacity expansion, geographical dispersion and product mix enrichment. "We believe that in the coming quarters, profitability will improve due to the focus on VAP products, the ramp-up of the Raipur plant, the introduction of new products and favourable market conditions," said Solanki.
Also Read: Vijay Kedia portfolio: Ace investor books profit in multibagger stock Patel Engineering after 300% rise in one year INOX India provides a full spectrum of services encompassing design, engineering, fabrication, and deployment of equipment and systems tailored for cryogenic environments. Specializing in the provision of cryogenic equipment, particularly tanks, INOX India delivers integrated solutions for equipment and systems functioning under extremely low-temperature conditions. The company has recently received patent rights innovative method of suspending inner vessels in dewar-type containers used for
. Read more on livemint.com
