Stocks To Buy With Anil Singhvi: Market Guru makes clarion call to bet on mid-caps, small-caps; names TGV Sraac as a must-buy
Stocks To Buy With Anil Singhvi: As market trends shift a little to contra trade too, Zee Business Managing Editor Anil Singhvi has advised traders to bet on mid-cap and small-cap stocks.
Stocks To Buy With Anil Singhvi: As market trends shift a little to contra trade too, Zee Business Managing Editor Anil Singhvi has advised traders to bet on mid-cap and small-cap stocks. Not just that, the Market Guru has identified and revealed a stock to buy too and it is called TGV Sraac — a chemical company. Singhvi gave three strong reasons for this stock pick — attractive valuations, rising stake of promoters and strong business growth in future that can make this stock a multibagger in future.
Speaking on the TGV Sraac fundamentals, Anil Singhvi said, "The market capital of the company is Rs 267 crore while its promoters have increased its share in the company from 50 per cent to 63.3 per cent in the last 5 years. It is a chemical manufacturing company that makes chlorine and caustic soda which is used for soap and other toiletry product manufacturing."
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On the future business growth of the company, Singhvi said, "As the company caters to the FMCG companies, the recent ban on Chinese import is expected to give a fillip to the TGV Sraac company's business in the domestic market. The company has presence in 25 countries and its 90 per cent of the business comes from exports. So, the future business prospects of the company are very bright."
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Commenting on the strong book value or attractive valuations of TGV Sraac shares, the Market Guru said, "The TGV Sraac shares are available at a PE multiple of 7 and its valuation stand at Rs 50 while it is trading at Rs 28.50 per stock levels. So, in coming times, it has potential to at least double its price. It will take time and one can buy it for long-term perspective at current price."
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