BUY Foseco India share - Price target by Zee Business expert | Jain Saab Ke Gems

Foseco India Share Price Target: Market expert and Zee Business panelist Sandeep Jain on Friday recommended BUY for Foseco India share to the viewers for bumper profit. In a special edition 'Jain Saab Ke Gems', aired on Zee Business with Managing Editor Anil Singhvi, he said that Foseco India could be a good buy.

Foseco, is a world leader in the supply of foundry consumables and solutions, Jain said. The zero debt company has strong fundamentals.

Foseco India Share Price

Foseco India Share Price - Rs 1941

Foseco India Share Price Target - Rs 2130 (4 to 6 months)

जैन सा'ब के GEMS...

आज Foseco India को क्यों चुना संदीप जैन ने ?

संदीप जैन से जानिए कंपनी के फंडामेंटल्स, तेजी के ट्रिगर्स और टार्गेट..@SandeepKrJainTS | @AnilSinghvi_ | #StocksToBuy pic.twitter.com/Ww1NZIrsRk

— Zee Business (@ZeeBusiness) September 9, 2022

Talking about the Fundamentals of the company, the Tradeswift Director said, the company's return on capital employed (RoCE) is 22-23 per cent while the return on equity (RoE) is 17 per cent.

The company has delivered good quarterly results. He added that the company had a PAT ( profit after tax) of 6 crores in June 2021 and a PAT of 11 crores in June 2022.