Apollo Sindoori Hotels is a stock to buy! On Anil Singhvi show, here is what Sandeep Jain recommends

In yet another edition of ‘Jain Sahab Ke Gems’, analyst Sandeep Jain recommended his top pick to Zee Business Managing Editor Anil Singhvi today. He picked a stock from the hospitality sector. Know why this stock has a potential to earn high returns for investors. The stock is Apollo Sindoori Hotels, and it is a dark horse of sorts even though its credentials are sound.

  Top Stocks To Buy: Apollo Sindoori Hotels  

Jain today picked Apollo Sindoori Hotels with a long term perspective. This stock is currently trading around Rs 614. He said that the reason behind recommending this stock is that this company is owned by a big group. Moreover, this stock has not been discussed anywhere and people are not aware about this stock, he further said. It has four verticals where it draws income from. This company has a team of around 1300 people. The Apollo Group MD is a Director in this company which lends more confidence.

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आज के लिए जैन सा'ब का GEMS : Apollo Sindoori
क्या है इस शेयर की खासियत और किन लेवल्स पर करें खरीदारी? @AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/jgWrCwquGo

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 The fundamentals of this company are also very strong. It gave good results for the June quarter and this was despite the lockdown in place. 

The stock is currently available at a PE multiple of 13. The return on capital is 24 while the return on equity is around 20 per cent. It has a small debt around Rs 36 cr. This stock has achieved a lifetime high of Rs 1200 in 2018, when the md cap rally was on its peak. 

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While the stock is available at attractive valuations, there is a lot of value in the businesses. He puts the target price at Rs 750.