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Last Updated : Apr 23, 2019 03:20 PM IST | Source: Moneycontrol.com

Buy Jiya Eco Products; target of Rs 109: Khambatta Securities

Khambatta Securities is bullish on Jiya Eco Products has recommended buy rating on the stock with a target price of Rs 109 in its research report dated April 23, 2019.

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Khambatta Securities' research report on Jiya Eco Products


Gujarat-based Jiya Eco Products Limited (JEPL) manufactures bio briquettes, bio pellets and processed agro waste. Biomass pellets and briquettes are made from agricultural, forest and other bio wastes. With abundant availability of waste, biomass presents a sustainable economic opportunity across the value chain. Demand for biomass fuel will increase going forward, driven by its lower cost, high energy content, concern for the environment, and emerging opportunities such as biomass co-firing at thermal power plants.


Outlook


Our SOTP valuation generates a price target of Rs 109 with a potential upside of 90% and informing a BUY rating.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Apr 23, 2019 03:20 pm
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