Ganesh Chaturthi Stocks to Buy With Anil Singhvi: This 'Vighnaharta' share is top Vikas Sethi pick today
Ganesh Chaturthi Stocks to Buy With Anil Singhvi: Zee Business Managing Editor Anil Singhvi's stock market panel has revealed the name of a 'Vighnaharta Stock' to buy for massive returns (it means remover of obstacles or hurdles).
Ganesh Chaturthi Stocks to Buy With Anil Singhvi: Just one day ahead of the auspicious Ganesh Chaturthi 2020 fest, Zee Business Managing Editor Anil Singhvi's stock market panel has revealed the name of a 'Vighnaharta Stock' to buy for massive returns (it means remover of obstacles or hurdles). The Market Guru asked his expert panel member Vikas Sethi about his stock pick and the Managing Director of Sethi Finmart replied with Carborundum Universal as his stock to buy recommendation today.
Highlighting the strong fundamentals of Carborundum Universal shares, Vikas Sethi told Anil Singhvi, "Carborundum Universal is a Murugappa Group company and it's a joint venture of US-based Carborundum and UK-based Universal company. Its last three years profit growth in terms of CAGR (Cumulative Average Growth Return) stands at 16 to 17 per cent and its current Operating Profit Margin is at 13 to 14 per cent. Its return ratio is also attractive and it's a zero-debt company."
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Vikas Sethi further added that Carborundum Universal company's promoters hold around 42 per cent of the company while DIIs and FIIS together hold nearly 41 per cent.
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गणेश चतुर्थी के शुभ अवसर पर विकास सेठी से जानिए दमदार विघ्नहर्ता शेयर..#GaneshaChaturthi @AnilSinghvi_ @vikassethi_SF pic.twitter.com/wGPNW064un
— Zee Business (@ZeeBusiness) August 21, 2020
When Anil Singhvi asked about his suggestion in regard to the Carborundum Universal shares, Vikas Sethi said, "I recommend stock market investors to buy Carborundum Universal shares at current market price of Rs 290 for immediate short-term target of Rs 300 and if someone can hold it for short-term then the Carborundum Universal share price may touch Rs 350 to Rs 375 per stock levels."
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05:17 PM IST