In chat with Anil Singhvi, Sandeep Jain recommends Paushak Ltd share | Check here to know why
In today’s edition of ‘Jain Sahab Ke Gems’, market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, revealed a great strategic counter for investors. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Paushak Limited and here is why.
In today’s edition of ‘Jain Sahab Ke Gems’, market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, revealed a great strategic counter for investors. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Paushak Limited and here is why.
According to Sandeep Jain, Paushak Limited is a quality company and is part of the Alembic group of companies situated in Gujarat. Alembic Ltd is the oldest pharmaceutical company in India founded in 1907. Alembic Limited and Alembic Pharma have already given good returns to their shareholders.
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In today's episode, market analyst Sandeep Jain explained: "I think Paushak stock is already on such levels where it can be given to investors easily. You see that the Paushak Limited stock is currently trending around Rs 4000 and the good thing is evaluations are not yet costly."
"If we talk about the fundamentals of the companies like Paushak, in last 3 years the profit growth of the company is 72 percent, and sales growth is around 24-25 percent. Paushak gives small dividend as well. The return on capital employed is around 20-21 percent. Paushak is a zero debt company and only has small equity of Rs 3 Crore," he further added.
On what should be the strategy that a stock market investor can maintain in regard to Paushak Limited shares, Jain told Anil Singhvi: "I'm very bullish on the stock. This segment is very good. I think this stock will perform well in future. Paushak Limited stock is currently trading around Rs 4127 and the first target should be around Rs 4350 and Rs 4550 will be the second target."
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