Navratna SIP by Anil Singhvi: Buy this textile stock for up to 77% return - Check targets

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: The stocks with a better outlook and attractive valuation can give good returns to investors in the long term. 

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: Zee Business Managing Editor Anil Singhvi has today picked Siyaram Silk Mills as its Navratna SIP. 

The market wizard advised investors to buy it for the next 1-3 years and do SIP has at every 7 per cent fall.

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: Market Guru Anil Singhvi has set targets of Rs 625, Rs 750 and Rs 900 for this stock. 

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: According to Anil Singhvi, investors should invest in Siyaram Silk as it is a strong brand and has a good distribution network.

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: Singhvi said that the company will benefit from the drop in the prices of raw materials, which have fallen around 10-12 per cent. Also, the textile industry will be benefitted because of the crisis in Bangladesh. 

Navratna SIP by Anil Singhvi, Textile Stock To Buy For Long Term: In the last quarter, the EBITDA margin of the company improved from 8.5 per cent to 10.3 per cent. In the coming time, margins may increase to the range of 13-15 per cent.