Chemplast Sanmar stock: If you are thinking of earning from share market then you can bet on New Listed Share Chemplast Sanmar. You can make huge profit from this stock. Actually, ICICI Securities is bullish on Chemplast Sanmar stock and is giving buy advice. Let us inform that Chemplast Sanmar’s shares closed at Rs 518.50 with a gain of 7.21% on Friday.
Shares will go up to Rs.800
According to the brokerage house, this stock can go to ₹ 800. The brokerage has maintained a buy rating on this chemical stock, which is almost 55% higher than the current level. Chemplast Sanmar plans to do higher capex with good scope for large FCFs and has not declared dividend in FY22.
Also read- Competition to buy the shares of this marriage company, due to this there is a lot of buying
Brokerage House Opinion
Brokerage ICICI Securities is expected to announce a huge capacity addition in S-PVC, where the company already has environment clearance to increase its capacity to 600 kpta. Chemplast has sold the highest capacity in FY22, and has only 10% more capacity coming in S-PVC segment in FY23. The major expansion into paste-PVC and custom manufacturing will begin in FY24.
