Mid-cap Picks with Anil Singhvi: Get good returns! Sandeep Jain reveals these top stocks to buy
In yet another episode of #Spl MidcapStocks today a number of stocks were identified by market analyst Sandeep Jain for investors to take advantage of. Jain has recommended three more mid-cap stocks for investors that he revealed to Zee Business Managing Editor Anil Singhvi - he said these will earn investors good returns
In yet another episode of #Spl MidcapStocks today a number of stocks were identified by market analyst Sandeep Jain for investors to take advantage of. Jain has recommended three more mid-cap stocks for investors that he revealed to Zee Business Managing Editor Anil Singhvi - he said these will earn investors good returns. Jain picked a diversified conglomerate, a chemical company and a kitchen appliance manufacturer as his top Buys for today. Check out these stocks now!
Top Stocks To Buy: Nesco
Jain said that his long term pick was Nesco, a diversified conglomerate with business interests in exhibitions, events, hospitality, MICE and realty. The downside on this stock are at a minimum thereby making it a safe bet, he said. In terms of fundamentals, the stock is available at a PE multiple of 12. The promoters are also looking to constantly increase their stake in the company. On the basis of Trailing Twelve Months (TTM), the profits for March are highest ever, he said. The return on capital employed is 23 per cent. The stock is currently trading around Rs 447. The target price is RS 530. He recommends buy at current levels.
Watch Zee Business Tweet Video Below:
Top Stocks To Buy: Ultramarine Pigments
The technical analyst picked Ultramarine Pigments with a positional medium term view. Calling it a quality company in the pigment and surfactants sector, Jain said that it also has business interests in IT and BPO sector. The stock is currently available on low valuations. The return on capital employed is around 22 per cent while the dividend yield of 2.2 per cent. The company has grown at a rate of 23 per cent over the last 3 years, he said. The stock has still not seen high volumes which leaves immense potential for it to grow. The stock is currently trading at around Rs 230. He puts the target price at Rs 270. The view is for next 3-6 months.
See Zee Business Live TV Streaming Below:
Top Stocks To Buy: Acrysil Ltd
As for short term, Jain picked Acrysil Ltd. The company has a strong promoter base and has been in business since 1980. The credit ratings of this company have been upgraded. The company manufactures kitchen appliances. It sells its products in almost 30 countries. It has seen highest ever profits on the TTM basis over a last few days. The stock is currently trading at around Rs 75. He puts the target price at Rs 90.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.