In chat with Anil Singhvi, Sandeep Jain recommends Sagar Cements shares | Money-making opportunity
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.
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 the investors. The stock he picked today is Sagar Cements Limited (SCL) and here is why.
Sagar Cements is a company with over three decades experience. It is engaged in manufacture of cement at its Plant in Mattampally, Suryapet District, Telangana. While recommending Sagar Cements in today's episode, Sandeep Jain said that Sagar Cements is not just a good cement company but is also an old and established one with its history going back to 1981.
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Sandeep Jain also said that after seeing the last year September results, the performance of the company was extraordinary. "Sagar Cements had 5 crore profit after tax (PAT) last year, but now it has 50 crore PAT. Even during coronavirus pandemic, and the poor results in first quarter, the company's Trailing 12 months (TTM) business has shown higher selling profit because of its operational efficiencies," Jain further added.
During the show, Sandeep Jain also said that Sagar Cements has maintained good operational profit margin and Foreign institutional investors (FIIs) and Domestic Institutional Investors (DIIs) have a shown strong confidence on the company as well.
Also, the Sagar Cements is very strong in the south region, the company has good hold on four to five states in southern India, he noted.
On what should be the strategy that a stock market investor can maintain in regard to Sagar Cement shares Jain told Anil Singhvi, "Sagar Cements stock is currently trading around RS 727.95 and one can expect this stock to hit up to Rs 825 per stock levels in few months."
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