Shares of Bajaj Hindusthan Sugar Limited were locked in a 10% upper circuit on the NSE at Rs. 17.15. Vijay Chopra, managing director and CEO of Enoch Ventures, suggested the stock of “New Year Pick 2023.”
Share value of Bajaj Hindustan
Sugar is produced by Bajaj Hindusthan Limited. It is a significant producer of ethanol. It is also a leader in the drive to use gasoline ethanol.
The firm has revenues of Rs 6000 crore, according to Chopra, but a market valuation of Rs 2000 crore, which is less than its sales. The corporation is also undergoing a makeover, which bodes well for investment returns.
Target Price for Bajaj Hindustan Shares: Rs. 45 to 50
Duration: 12 months
Bajaj Hindustan has produced a staggering 55% return over the course of the last month, making investors richer. The stock has increased by around 14% year to date.
Sumeet Bagadia, a market expert and pundit on Zee Business, has also advised purchasing Bajaj Hindustan stock. According to him, the stock is set to increase as a result of the better chart structure. On a short-term basis, he has set a price objective of Rs 20.