Dolly Khanna Portfolio: After climbing to a 52-week high in early August 2021, the share price of NCL Industries has been in a base building mode and the stock has remained the bear’s preferred ‘Sell on Rise’ stock for the past 9 months. In YTD timing, NCL Industries’ share has fallen 218 to 171 levels, a decline of more than 20 percent in 2022. However, Dolly Khanna stock has shown some upward movement and is maintaining higher levels, which is expected to see some sharp rebound in the stock. According to the research report of Anand Rathi, this stock of Dolly Khanna’s portfolio can go up to 242 each level over the long term. NCL Industries share price today 171 each on NSE, which means Anand Rathi is expecting more than 40 per cent growth in this stock over the long term
Throwing light on the reason for this being bullish dolly khanna shareAnand Rathi’s research report says, “Despite volume decline across departments (excluding energy), NCL had the highest Q4 revenues, fueled by healthy realization growth. However, inflationary conditions impacted operating performance. A pending environmental clearance continues to delay the extension of Visakhapatnam GU. In the context of the prevailing high cost, it will be important to overcome the costs.”
On valuation of Dolly Khanna Portfolio stock, the brokerage says, “While Line-I modernization is in progress at Mattampalli GU, Visakhapatnam GU expansion continues to be delayed due to pending environmental clearances. While operations are yet to commence on modular containers. The Door Division is likely to run into losses in the near future.
On its suggestion to positional stock market investors with regard to shares of NCL Industries, Anand Rathi’s report states, “We maintain our buy rating with target price. 242 per share.”
Dolly Khanna’s stake in NCL Industries
As per the shareholding pattern of NCL Industries for the quarter January to March 2022, Dolly Khanna holds 7,22,917 shares of NCL Industries, which is 1.60 per cent of the total paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.