Subros Ltd (NSE: SUBROS): The stock market is witnessing an atmosphere of ups and downs on 9th September. The market started with a decline but later the market saw recovery.
During the recovery, the Sensex has seen a gain of 500 points intraday, and the Nifty 50 index has also registered a gain of more than 160 points.
Although the market is not that fast, but if you want to earn money from the market, then you can invest money as per the opinion of market experts.
A market expert has picked a strong investment. It can be included in a portfolio that spans from the short-term to the long-term. The market expert has also given the target price here for buying.
Buy This Share As Per The Expert’s Opinion
The market expert has decided to select Subros Ltd to purchase. The expert has said that he has advised against buying this stock earlier also.
The expert said that it is the country’s largest thermal projects and air conditioning products manufacturing company.
Subros – Buy
CMP – 748
Target Price – 890/900
How Are The Fundamentals Of The Company?
The expert said that the quarterly results of the company also came out well because the heat had increased a lot in the past few days and the company had made a lot of profit from this. Apart from this, this company is also working on E-vehicles.
Talking about fundamentals, in the last 3 years, the profit growth is 26 % and the sales growth is 20 %.
The company reported a profit in June of 2023. It reported a profit of 14 crore rupees. In June 2024, it reported a profit of 34 crore rupees.
Quick Fact
| Company name | Subros |
|---|---|
| Field | Thermal and air conditioning products |
| CMP | ₹748 |
| Possible Target Price | ₹890/900 |
| Profit Growth (3 Years) | 26% |
| Sales Growth (3 Years) | 20% |
| Profit (June 2023) | ₹14 crore |
| Profit (June 2024) | ₹34 crore |
| E-vehicles | Working on |
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