Stocks to buy with Anil Singhvi: Sandeep Jain recommends Prakash Pipes today

Stocks to Buy With Anil Singhvi: In today's episode 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 recommended Prakash Pipes Limited.

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Prakash Pipes Limited is amongst the largest manufacturers of high-quality PVC pipes and fittings in a wide range, said Jain. He said the company manufactures a wide range of products such as agri pipes, column pipes, plumbing pipes, casing pipes, SWR pipes, garden pipes and related fittings.

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"The fundamentals of Prakash Pipes limited are very strong and the PE multiple of its stock is 10-11. The return on capital employed (ROCE) is around 31 percent and the return on equity is 22 percent. Also, Prakash Pipes is a zero-debt company," said the market expert.

"The company has given extraordinary last few quarters. PAT (profit after tax) of the company in 2020 March was 4 crore and in 2021 March, the PAT of the company is 10 crore. I'm very bullish on this stock. Investors can buy this stock at these current levels," he further added.

Prakash Pipes Limited: Strategy

On what should be the strategy that a stock market investor can maintain in regard to Prakash Pipes Limited shares, Jain told Anil Singhvi, "Prakash Pipes Limited stock is currently trading around Rs 170.45 and one can target this stock at Rs 190-200."