Stocks in Your Budget 2021 – JTEKT India a TOP pick says Market Guru; Explains why it is a candidate for your portfolio

Top Stock to Buy with Anil Singhvi – JTEKT India: In today’s edition of Budget 2021 Stock Picks with Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey brings another stock that expected to bring handsome returns for the investors. This stock is from the auto ancillary segment and will be in flavour till the budget announcement on 1 February and even after it. Dubey tells why JTEKT India stands out for this counter.

The Senior Analyst said that it was earlier an Indian Company but now it is Japanese-owned. This is a multinational company and is a market leader in manufacturing steering systems. It also holds a strong foothold in the bearing segment through its subsidiary Koyo Bearings.

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The promoters of this company are Maruti Suzuki, JTEKT which brings a lot of confidence in the company. The clientele includes Maruti Suzuki, Mahindra and Mahindra, General Motors, Fiat, Ford, Honda and Nissan. The company exports its products in US, Europe and Japan.

This company has a strong presence in the passenger vehicle segment. There is a revival in the passenger vehicle segment and this is likely to benefit the company.

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The financials of this company are strong with early zero debts. The debts are around Rs 10 cr while the cash in hand is around Rs 16 cr. Price to book value is around Rs 3.8. The Market Cap to sales is only 1.5 times.

The life high of this company is around Rs 147. JTEKTIndia is currently trading around Rs 99.

Anil Singhvi’s View on JTEKT India

The Market Guru said that this was an excellent company and the best part for the company is its promoters. He said that when one puts money in a stock, there is always a consideration as to who is running the company. JTEKT is a Toyota Group company which is considered as one of the best automobile companies in the world. Meanwhile, the Indian promoter in the form of Maruti Suzuki also gives a lot of comfort. Promoters have 75 per cent holding.

Singhvi said that the growth outlook is also very good for JTEKT India. There is a revenue and growth visibility. The improvement in automobile industry is now getting reflected in the auto ancillary sector as well. He recommends Buy on dips.