BAJAJ BROKING
RP-Sanjiv Goenka Group will invest over ₹50,000 crore in the next three years, focusing on chemicals and carbon black sectors. Targeting a market cap of ₹2 lakh crore, PCBL's margins may rise to 17-18%, with profits projected at ₹2,400-2,500 crore.
RP-Sanjiv Goenka Group chairman, Sanjiv Goenka, revealed the group's ambitious plan to invest over ₹50,000 crore in the next three years, in a report published by CNBC-TV18. This significant capital expenditure (capex) aims to drive growth across all business segments, with a notable focus on the chemicals and carbon black sectors.
Over the next 12-18 months, the group plans to allocate ₹35,000 crore for capex. Goenka emphasised that this period marks a phase of substantial investment across various businesses, enhancing capacities and fostering growth.
He highlighted that the last few years were focused on consolidation and development, and now the group is poised for significant expansion. As a result, RP-Sanjiv Goenka Group’s PCBL share price will remain in focus.
The chemicals and carbon black sectors are expected to see the most substantial growth. Philips Carbon Black Ltd (PCBL), the largest producer of carbon black in India, is projected to experience margin growth from the current 16% to 17-18%.
Additionally, PCBL’s profits are anticipated to reach ₹2,400-2,500 crore over the next five years. The chemical business is set to expand through the acquisition of Aquafarm, further strengthening the group's market position.
The RP-Sanjiv Goenka Group is also targeting a significant increase in market capitalisation, aiming to reach ₹2 lakh crore in the next 30 months. Currently, the group's market cap stands at ₹70,000 crore.
On Monday, PCBL’s share price closed at ₹300, reflecting a 3.11% increase. Over the past year, the stock has delivered an impressive 90.05% return, nearly doubling investors' money. This robust performance underscores the positive market sentiment and the growth potential of the company's strategic investments.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
NHPC Q2 Results FY24-25 Preview | Estimate
08 Nov, 2024 | 1 Min. read
Mahindra & Mahindra Raises Fy25 Tractor Growth Forecast Amid Strong Q2 Results
08 Nov, 2024 | 3 Min. read
Tata Power Partners with Noida Airport for ₹550 Cr Renewable Energy Project
08 Nov, 2024 | 3 Min. read
MOIL Achieves Record October Production with 1.47 Lakh Tonnes, Up 32% YoY
08 Nov, 2024 | 2 Min. read
Commodities Market Today | WTI, Brent Crude, Gold, and Silver See Gains in Market Prices
08 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat Start; Markets In Range-Bound Trend
08 Nov, 2024 | 4 Min. read
Fed Cuts Rate by 25 Bps to 4.5-4.75% to Support Cooling Economy
08 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 1.5% To $2,715.30, Silver Gains 2.5% To $32.11
08 Nov, 2024 | 2 Min. read
RVNL Q2 Results FY24-25 Highlights
08 Nov, 2024 | 2 Min. read
MRF Q2 Results FY24-25 Highlights
08 Nov, 2024 | 2 Min. read
Nerolac Paints Q2 Results FY24-25 Highlights
07 Nov, 2024 | 1 Min. read
Trent Q2 Results FY24-25 Highlights
07 Nov, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading