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

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According to Sandeep Jain, Khaitan Chemicals & Fertilizers Limited is a top-quality company. The company is mainly engaged in the manufacturing of Single Super Phosphate (Fertilizer), Sulphuric Acid (Chemical) and Soya Edible Oil. Shailesh Khaitan promoted Khaitan Chemicals & Fertilizers Ltd (KCFL) in 1982.

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In today's episode, market analyst Sandeep Jain said: "Talking about the fundamentals of the Khaitan Chemicals & Fertilizers Ltd,  the company has reduced its debt in last few quarters, which is a big positive. PE multiple is very cheap. The profit growth of the company has been phenomenal in last five years. The profit CAGR is around 34 percent, dividend yield is also good of the company."

"Overall, I'm very bullish on this stock. Fertilizer's stock is doing very well in the market. In next 5-6 months company will perform well in the market. Investor should definitely buy this stock at the current levels.

Strategy For Khaitan Chemicals & Fertilizers Limited

On what should be the strategy that a stock market investor can maintain in regard to Khaitan Chemicals & Fertilizers Limited shares, Jain told Anil Singhvi, "Khaitan Chemicals & Fertilizers Limited is currently trading around Rs 28.35 and one can target this stock at Rs 30."