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 great returns. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Datamatics Global Services Limited.
and here is why.

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According to Sandeep Jain, incorporated in 1987, Datamatics Global is one of the oldest IT company in this segment. Datamatics is a provider of consulting, information technology, data management, and business process management services. Its services use robotics, artificial intelligence and machine learning algorithms. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe.

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In today's episode, market analyst Sandeep Jain said, "Datamatics is a great company. If we talk about the fundamentals of Datamatics, they are good. The PE multiple of the company's stocks is 10 and it's a zero-debt company. sales growth of Datamatics is around 12-13 percent and the profit growth of the company in last five years has been around 8-10 percent.

"This company has performed very well in last few quarters. The last year December quarter results were good. The PAT (profit after tax) of the company is 2019 December was 12 crores and in 2020 December, the PAT of the company was 22 crores. At present, Datamatics 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.

Datamatics: Investors Strategy

On what should be the strategy that a stock market investor can maintain in regard to Datamatics Global Services Limited shares, Jain told Anil Singhvi, "Datamatics Global Services Limited stock is currently trading around Rs 122.70 and one can target this stock at Rs 150-160."