Budget 2021 Stocks With Anil Singhvi – Vindhya Telelinks is a SCREAMING BUY; Investment grade stock with low valuations, high growth potential

Top Stocks to Buy with Anil Singhvi – Vindhya Telelinks: In today’s edition of Budget 2021 Stock Picks with Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey brings another stock that will be in flavour till the budget announcement on 1 February and thereafter too. This stock is Vindhya Telelinks which is from telecom sector. Know what stands out for this counter.

Vindhya Telelinks stock is excellent with very attractive valuations, Dubey said. It is a flagship company of MP Birla Group. It is into the business of cable manufacturing. It makes copper cables, power cables and optical fibre cables among others. In the EPC segment, it takes works related to broadband network, telecom tower infrastructure, fibre-to-home power transmission line. Optical Fiber Network is the biggest trigger for Vindhya Telelinks considering the internet penetration in the company, he said. The requirement created due to the rollout of 5G will be a great trigger.

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Moreover, the Madhya Pradesh Government has a stake in Vindhya Telelinks along with Nippon Life.

Vindhya Telelinks Stock Valuations

Vindhya Telelinks trailing Price-to-Equity for this stock over the past 12 months comes around 4.8 while for FY22 it is 3.5-4 times which is very cheap. The price-to-book value is 0.9. The debt is around Rs 650-700 cr. But the Debt-to-Equity ratio is only 0.3 per cent, he said. Vindhya Telelinks stock is currently trading around R 834. The lifetime high is around Rs 2000. He called it a “Screaming Buy”.

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Anil Singhvi’s View on Vindhya Telelinks

The Market Guru said that the best part for Vindhya Telelinks is that it is in a very promising sector. This sector is expected to have an amazing growth. The business outlook is strong because of the focus on digital India. Vindhya Telelinks valuations are very attractive.

He said that despite being a part of infrastructure sector, Vindhya Telelinks debt-to-equity ratio is 0.3. Price to book value is less than one. Vindhya Telelinks is a good investment grade stock.