Stock below Rs 100: Watch out for this hidden gem!

Looking for stocks with less or no analysts’ attention is one way to find hidden gems in the Indian stock market.   

It normally indicates that the business will be less active in the stock chat rooms and the market participants would come to know about this only when either the stock makes a decent run-up or any major development is announced in the public domain related to that stock.   

While the bull-run shows no signs of abating in the domestic markets, there are some rare hidden gems to explore. Hence, in this article, we will talk about one such hidden gem. Interestingly, it’s a hidden gem because neither it has any major analyst coverage nor extensively discussed on media channels. 

Finally, we will reveal the name of the stock! It is Khaitan chemicals & Fertilizers, which is engaged in the business of manufacturing straight inorganic fertilisers. The stock has logged a fresh 52-week high on Monday and also, got locked at its upper circuit limit. Interestingly, it has delivered a mouthwatering return of nearly 231 per cent in the last one year while in the last one month, the stock surged nearly 48 per cent.   

As the stock is trading at a lifetime high, all the short and long-term moving averages are trending upside. It is trading above the 40, 30 & 10-weekly averages and all of them are trending up. At the same time, there is the desired sequence. As per the methodology of William O'Neil, the stock has an EPS rank of 99, which is a great score. It indicates consistency in earnings as well as price strength, which stands fair at 76 and is improving along with trending upwards. Buyer demand at A+ indicates the recent demand for the stock.   

As the stock is in unchartered territory and the recent upmove is accompanied by strong volume action, it is clearly indicating that the stock has the potential to go a long way from here on!