The stock of Navratna company will earn less than Rs 100, can get more than 50% return

Stocks to Buy: On the auspicious occasion of Diwali, you have a chance to rebuild or strengthen your portfolio. The valuations of companies have become better after the correction in the market. In Zee Business’s Diwali Investment Idea (DII) today, experts have suggested investing in a government company that is cheaper than Rs.100. This is a Navratna company of the Government of India and it does lignite mining. You can earn huge profits by investing in it.

A GREAT DII PICK OF INVESTMENT

Sharad Awasthi of SMIFS has chosen NLC India Ltd in the stock with strong returns for Diwali. NLC India Limited is a Navratna Company of the Government of India.

Why Buy NLC India?

The company plans to triple the power capacity by 2030. Along with this, there is a plan to take the mining capacity from 50 to 85 million tonnes. The company should get the benefit of this continuously. In the last two-three years, there has been a slight delay in capacity planning due to Kovid-19. In the coming time, this work can be done at a very fast pace. Beyond this, good quarterly results are expected.

More than 50% return in 1 year

Sharad Awasthi has advised to invest in NCL India from one year perspective. He has set a target of Rs 103 per share. The stock closed at Rs 68 on 12 October 2022. With this price, the stock can jump up to 52% further.

Agreement with NLC for coal gasification based plant

Bharat Heavy Electricals Limited (BHEL) has tied up with Coal India Limited (CIL) and NLC India Limited to set up coal gasification based plants. Jointly set up a lignite based gasification pilot plant for power generation using BHEL’s indigenously developed Pressurized Fluidized Bed Gasification (PFBG) technology.

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