Stock to Buy on Monday: Buy Foseco India with long term view; strong fundamentals, attractive valuations top reasons, says expert Sandeep Jain
Stock to Buy on Monday: Even as market expert Sandeep Jain asks investors to remain vary of current stock market uncertainties, he brings a stock that could give significant returns over a long term period. The stock was recommended by him to Zee Business Swati Raina on a popular TV show Bazaar Agle Hafte
Stock to Buy on Monday: Even as market expert Sandeep Jain asks investors to remain vary of the current stock market uncertainties, he brings a stock that could give significant returns to the investors over a long term period. The stock was recommended by him to Zee Business’ Swati Raina on a popular TV show ‘Bazaar Agle Hafte’ (#BazaarAgleHafte).
The Tradeswift Director picked Foseco India shares. The company caters to supplu of foundry consumables and solutions.
The Foseco India stock ended at Rs 1505 on the NSE on Friday, up 1.7 per cent from the last closing price on Thursday. This stock has been recommended by him previously, Jain said.
The stock is fundamentally strong and the company is quite good, he said adding that the stock is available at attractive valuations. The company has a 16 per Return on Equity (ROE) and is a zero deby company. The company posted a strong December quarter results, Jain said.
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