Money-making opportunity! In chat with Anil Singhvi, Sandeep Jain recommends Everest Industries as a stock to buy
Stocks to Buy With Anil Singhvi: In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Everest Industries Limited and here is why.
According to Sandeep Jain, Everest Industries is one of India’s leading and fastest growing complete building solutions providers. Incorporated in 1934, Everest has a rich history in manufacturing of building materials and Pre-Engineered Steel Buildings. They offer a complete range of new age building products for roofing, ceiling, wall, flooring & cladding solutions and also manufactures Pre-Engineered Steel Buildings for industrial, commercial and residential applications. Its building products and solutions are available in more than 1,00,000 villages and 600 cities in India and also in over 35 countries globally.
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जैन सा'ब के GEMS
संदीप जैन से जानिए कौन से हैं वो ट्रिगर्स जिसके दम पर Everest Industries का शेयर पकड़ेगा रफ्तार?@AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/9f6o5WBsC3
— Zee Business (@ZeeBusiness) February 17, 2021
In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of Everest Industries, the good thing about the company is that the PE multiple of its stocks are 12. The profit CAGR (Compound annual growth rate) of the company in last three years is around 66 percent. Everest Industries have also reduced its debt in last few years. The company has a debt of 52 crores at present. The DIIs have also increased its stakes in the company."
"The last three quarter's results of the company were good. Overall, Everest Industries stock is available at very good levels. I'm very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future," he further added.
Everest Industries Stock: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Everest Industries shares, Jain told Anil Singhvi, "Everest Industries India Limited stock is currently trading around Rs 318.05 and one can target this stock at Rs 370."
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