Aashish Tater of Fortunewizard.com told CNBC-TV18, "Amulya Leasing and Finance could be a very big interesting bet. It is not a NBFC company. They have acquired 50.96 percent stake into Apollo Irrigation. They are competing with Astral Poly which stays at a market cap of 5 times to its sales, this particular company is expected to do sales of Rs 200 crore and is available at just Rs 67-68 crore because people still do not know the subsidiary thing."
"The management is also the parent for APL Apollo Tubes with very good strong market dominance in that particular space. They can use the same distribution network for giving the particular products. So, the scalability of operations the management was talking about that they would like to expand the capacity going forward," he said.
"When the company does sales of Rs 300 crore odd in next one and the half years the management is very confident of growing at 22 percent CAGR. We feel this could be a one interesting bet. We have a target of Rs 180 on the stock. In the long-term we will just try to see how the company is doing in terms of topline and bottom line and would like to revise the target."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
