Bonanza Portfolio Ltd. has identified India Glycols Ltd. (IGL) as a key Diwali stock pick, recommending it as a buy with a target price of ₹1,700. The company holds a strong position in the bio-based glycols market and continues to scale in the specialty chemicals sector.
Key Highlights:
- Diversified Segments: IGL operates in bio-based specialties, chemicals, nutraceuticals, and biofuel products. The biochemicals and performance chemicals segments contributed 60% of revenue in FY24.
- Market Leadership: IGL is a global leader in Bio-MEG, with growing opportunities in both domestic and international markets, including strong demand in the apparel sector.
- Valuation: Trading at 22.7x/19.7x FY25E/FY26E EPS, India Glycols is expected to achieve substantial growth, with an upside potential of 23%.
The stock is currently priced at ₹1,385, with Bonanza Portfolio setting a target price of ₹1,700 for the coming months.
Disclaimer:
Stock investments are subject to market risks. Please read all related documents carefully before investing. The information provided is for informational purposes only and should not be construed as financial advice. Consult your financial advisor before making any investment decisions.