Stock analyst Abhishek Jain of Stocksidea.com has maintained ‘Buy’ rating on Keltech Energies Ltd stock to achieve a short-term target of Rs 145.

According to Mr. Jain, interested investors can buy the stock around Rs 110 with a stop loss at Rs 98.

Shares of the company, on Friday (June 12), closed at Rs 114.80, up 4.98%, on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 167.

The share price has hit a new 52-week high of Rs 114.80 on June 12 on BSE. So don’t miss the opportunity to reap good returns as the stock has been performing well.

Keltech Energies Ltd (KEL), formerly known as Karnataka Explosive Ltd., a public limited company was set up in 1977. It is a member of the renowned Chowgule Group of Goa.

The group is in the fields of mining, shipping, shipbuilding, chemicals, explosives, expanded perlite, breweries and many other industries.

Keltech Energies Ltd. makes Watergel cartridge explosives, Bulk emulsion explosives, Mono Methyl Amine Nitrate (MMAN) solution and a variety of expanded perlite Products.

Despite domestic market, KEL’s Watergel explosives, MMAN and perlite products are also being exported to other nations.

KEL is an ISO certified company and has proficiency to conduct thermal insulation work of cryogenic tanks.

KEL also carries out turnkey installation of in-situ light weight perlite-concrete blocks for base insulation of cryogenic tanks and annular insulation filling of double wall LNG tanks.