Anand Rathi Picks These Two Multibagger Small Cap Stocks With Buy Call For Robust Gains

Anand Rathi in its two reports, Power Pick and Pick For The Month, has picked two multibagger small-cap stocks with a buy call for robust gains in short period. These two stocks are Texmaco Rail & Engineering Limited (Texrail) and Kothari Sugars and Chemicals Limited. Here are the key takeaways from the reports:

1. Texmaco Rail & Engineering Limited (Texrail)

Anand Rathi Picks Texmaco Rail & Engineering Limited (Texrail) to buy in its Pick for months report published on 29 November 2022. The brokerage sees a potential upside of 26% in 1 month with a target price of Rs 75 per share. It is a small-cap company with a market cap of Rs 1,928 crore. TEXRAIL is one of India's leading freight car manufacturers and diversified engineering companies.

Anand Rathi said, "Recently we witnessed huge traction on all the railway-related stocks. TEXRAIL has been consolidating for quiet some time and recently we witnessed a fresh range breakout in the stock. We expect the stock to catch up its peers in the coming weeks. Thus we advise traders to buy the stock near 63.50 with a stop loss of 57 for upside target of 75."

TEXRAIL's stock is currently trading at Rs 59.85 per share, 3.93% down compared to its previous close of Rs 62.30 per share. It recorded its 52-week high on 29 November 2022 at Rs 65.25 and its 52-week low on 29 November 2021 at Rs 27, respectively.

The stock has given 6.87% positive returns in 1 week. Whereas, in 1 month 27.18% positive returns and 19.44% positive returns in 3 months, respectively. Over the year, it has given 113.17% multibagger returns. In the past 3 years, it has given 47.54% positive returns and in the past 5 years 51.4% negative returns on investments.

2. Kothari Sugars and Chemicals Limited

Anand Rathi in its "Power Pick" report has picked Kothari Sugars and Chemicals Limited (Kothari Sugars) with a buy call for a target price of Rs 47 per share. The brokerage claims a potential upside of up to 10% if the is purchased today at the current market price. It is a small-cap company having a market cap of Rs 355.59 crore. The company is engaged in sugar manufacturing, power cogenerations and the production of industrial alcohol from molasses and bio-compost from press mud and distillery effluents.

Anand Rathi said, "During the recent session; we witnessed traction in most of the sugar stocks along with Kothari Sugars. The stock has confirmed a range breakout above 43.50 mark. The price action was supported with exceptional volumes and even the momentum oscillators are positively placed. Thus we advise traders to buy the stock near 43.50 with a strict stop of 42."

On NSE, the stock is currently trading at Rs 42.85 per share, 1.15% down as compared to its previous close. On 10 October 2022, the stock touched its 52-week high price at Rs. 52 and on 20 June 2022, it recorded its 52-week low at Rs 321, respectively.
The stock surged by 4.77% in the last one week, however, it fell by 6.85% over the past 1 month, respectively. It grew 2.15% over the last 3 months. Whereas, in over a year, it surged by 42.12%. the stock in the past 3 and 5 years gave multibagger returns of 332.83% and 163.69%, respectively.

 

Disclaimer

The stocks have been picked from the brokerage report of Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.