Penny Stock To Buy In 2026: Veteran market expert Rakesh Basal has recommended buying a penny stock. In a video shared on his YouTube channel "Rakesh Bansal", the market expert has suggested Kwality Walls (India) shares.
Kwality Walls is an ice cream company and was demerged from Hindustan Unilever Limited (HUL).
Kwality Walls is the owner of popular ice cream brands Magnum, Cornetto, Wall's and more.
Penny Stock To Buy In 2026: Kwality Walls Demerger
After the demerger, HUL is no longer the promoter of Kwality Walls. Kwality Walls is now owned by The Magnum Ice Cream Company, which is based in Netherlands. The Magnum Ice Cream Company owns 61.9 per cent stake in Kwality Walls.
Rakesh Bansal said that the fair value of Kwality Walls shares after the demerger was estimated to be Rs 40. However, Kwality Walls shares listed at Rs 29.80.
Penny Stock To Buy In 2026: Kwality Walls Share Price Listing
Since listing, Kwality Walls shares have remained under pressure and made a low of Rs 22.25, touched on March 30 2026. Kwality Walls shares hit a high of Rs 31.39 on February 16, 2026.
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Rakesh Bansal said that Kwality Walls has seen a rise in trading volume in the past few trading sessions. He said that the Kwality Walls is bound to benefit as the ice cream market in India continues to grow. The ice cream market in India is still underpenetrated and there are a few companies that have very strong presence and hold.
Ice Cream Market Size In India
At present, India's ice cream market is estimated to be around USD 2.6 billion. The market is expected to grow at 11 per cent CAGR to reach a size of USD 4.4 billion by 2030.
Per-capita Consumption Of Ice Cream
US: 11 Litre
Turkey: 5.5 Litre
India: Below 500 ml
Rakesh Bansal said that the data shows ice cream market is extremely penetrated in India.
The margin of Kwality Walls has remained under pressure for long in the single digit before the demerger. Post demerger, the management has said that it will focus on improving the margin trends and aims to achieve double-digit margin.
Penny Stock To Buy In 2026: Stock Pick
Rakesh Bansal said that the downside in Kwality Walls shares is capped and it is a right time to be in the stock for long term.
He said that every dip in Kwality Walls shares should be utilised as a buying opportunity.
Penny Stock To Buy In 2026: Kwality Walls Share Price Target 2026
According to Rakesh Bansal, the fair value of Kwality Walls shares comes out to be Rs 50-55.
In the next one year, Rakesh Bansal said that Kwality Walls shares could show the levels of Rs 40.
