Short term Trend: Consolidating and Stock Support: ₹10-11
Breaking News
Company is going to get benefits of increasing demand in Li-ion batteries and Aluminium electrolyzer for Green Hydrogen production in upcoming years as India targets to reduce its CO2 emissions in upcoming years.
The policy aims to lower the cost of logistics from the existing 13-14% and lead it to par with other developed countries.
In past three years the stock gave a return of 1277.00% as compared to Nifty which gave a return of 62.55% and 1277.05% return compared to 61.42% rise in Sensex .
The world is witnessing “New India”, which has not only reduced its dependence on other countries but also increased its exports to other developing nations.
Government has fixed target of 10% blending of fuel grade ethanol with petrol by 2022 & 20% blending by 2025.
Astra's revenue has grown at a CAGR of 20 % and the company's management is confident that in the years to come the company will continue this stride as the macro environment for defense sector is very positive.
BAJAJ CONSUMER CARE LTD (BCCL) IS PART OF BAJAJ GROUP WHICH HAS INTERESTS IN VARIED INDUSTRIES INCLUDING SUGAR, CONSUMER GOODS, POWER GENERATION AND INFRASTRUCTURE DEVELOPMENT.