Top Pick with Anil Singhvi: Know why Sandeep Jain recommended Nahar Poly Films - Targets and other details

In the show 'Jain Shaab Ke Gems', Zee Business Managing Editor and Market Guru Anil Singhvi spoke to Sandeep Jain, Director at Tradeswift Broking, to know his today's stock recommendation.

Nahar Poly Films comes under the umbrella brand of Oswal Woollen Mills. OWM groups' another company, i.e. Monte Carlo, has been widely recommended earlier in other episodes broadcasted in Zee Business' episodes.

Earlier, when Nahar Poly was recommended in previous shows, it achieved its target very easily, as per the analyst. He has recommended many companies from the poly films sector. 

He believes that since the company is available at a PE multiple of 11, it is available at low evaluation. Jain claimed that the company has moved from earning in the single figure of crore to double figured crores from the last few quarters.

This company's profit after tax (PAT) was Rs 18 crore in 2020, and in December 2021, the PAT increased to Rs 23 crore. The highest net profits on a trailing twelve month (ttm) basis are Rs 75 crore. 

Apart from this many renowned investors have invested in the company in the last December quarter. Promoters have around 70 per cent to 71 per cent shareholding in the company. In addition, with various small FIIs investors in the company. 

The book value of the share is 316 in front of the current value of Rs 361. He recommended buying at current levels with a target of Rs 390. He also mentioned that company has recently touched the target of Rs 370 - Rs 380 before coming down to current levels.

For more details, Watch Full Video Here:-

जैन सा'ब के GEMS ...

आज Nahar Poly को क्यों चुना संदीप जैन ने ?

संदीप जैन से जानिए कंपनी के फंडामेंटल्स, तेजी के ट्रिगर्स और टार्गेट..@SandeepKrJainTS @AnilSinghvi_

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— Zee Business (@ZeeBusiness) February 2, 2022