In chat with Anil Singhvi, Sandeep Jain recommends Apcotex Industries shares, says has high returns potential

In today’s edition of ‘Jain Sahab Ke Gems’, market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi,  revealed a great strategic counter for investors. Today, he has recommended a stock that he said has potential to give high returns to the investors. The stock he picked today is Apcotex Industries Ltd and here is why.

Founded in 1980, Apcotex Industries Limited, which started as a division of Asian Paints, is now one of the leading producers of Synthetic Emulsion Polymers in India.

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While recommending Apcotex Industries in today's episode, Sandeep Jain said: "The company I picked today is Apcotex Industries Ltd and the good part is, Apcotex Industries was started under Asian Paints division and Atul Choksey, Former Managing Director of Asian Paints, is the founder of Apcotex Industries.

"Later the Apcotex Industries separated from Asian Paints and it is now, one of the leading producers of synthetic emulsion polymer, synthetic rubber and synthetic latex in India. The Apcotex Industries is also a debt free company," he further added.

During the show, Sandeep Jain also said that after seeing the last year September results: " If we keep coronavirus pandemic aside, in last three years, the stock of the company has given negative performance."

"Overall, after seeing negative price for last three years, good September results and debt free company, I think investors should buy the stock of Apcotex Industries. It will give good returns to investors in future," he added.

On what should be the strategy that a stock market investor can maintain in regard to Apcotex Industries shares, Jain told Anil Singhvi, "Apcotex Industries stock is currently trading around Rs 177.50 and one can target its stock at Rs 200."

Apcotex Industries has one of the broadest ranges of Emulsion Polymers available in the market today.