Stock To Buy: The stock market opened with sluggishness on the second trading session of the week (22 October). The Indian stock market is essential. The retail investors can take advantage of it.
Sometimes, amid volatility, tremendous action is seen in some stocks. Some stocks trade with a decline, while some stocks show an uptrend.
In such a situation, if a retail investor wants to invest money and buy somewhere, then he can bet on the opinion of the market expert.
A market expert has chosen a strong stock for purchase. This stock can be included in the short to long-term portfolio.
Favorite Stock Of Market Expert
The market expert has chosen Albert David Ltd (NSE: ALBERTDAVD) for purchase. The expert said that he had chosen this stock for purchase earlier as well.
Experts said that this stock still has the potential to go further. This stock is very cheap.
This is a Kolkata-based company. This company works in the pharma solutions sector.
Apart from this, the company also focuses on herbal solutions. The company’s credit ratings are very good. This company was established in 1938 and is a very old company.
Target Price – 1670
What Is The Fundamentals Of The Company?
The PE multiple of the stock is 11.40 and the company’s return on equity is 22 percent. The dividend yield of the company is 0.81 %.
In the last 3 years, the profit growth has been 52 percent and the sales growth has been 13-14 percent. The quarterly results of the company are so excellent.
The company made a profit of 23 crore rupees in June 2023. However, in June 2024, the company had presented a profit of Rs 19 crore. The promoters’ shareholdings in the company are quite good.
Quick Fact
| Company name | Albert David |
|---|---|
| Sector | Pharma solutions |
| Secondary focus | Herbal solutions |
| Established | 1938 |
| Location | Kolkata |
| CMP (Current Market Price) | ₹1,414 (1.34%) |
| PE multiple | 11.40 |
| Return on equity | 22% |
| Dividend yield | 0.81 % |
| Profit growth (last 3 years) | 52% |
| Sales growth (last 3 years) | 13-14% |
| Profit (June 2023) | ₹23 crore |
| Profit (June 2024) | ₹19 crore |
| Promoters’ shareholdings | Quite good (62.13% in last month) |
| Possible target price | ₹1670 |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
