Top Stocks To Buy With Anil Singhvi: Sandeep Jain recommends Ador Welding for whopping returns
Top Stocks To Buy With Anil Singhvi: Amid escalating India-China border tension Zee Business Managing Editor Anil Singhvi has been maintaining that long-term investors need not bother much from this development.
Top Stocks To Buy With Anil Singhvi: Amid escalating India-China border tension Zee Business Managing Editor Anil Singhvi has been maintaining that long-term investors need not bother much from this development. The Market Guru has said that it's mere sentiment and won't last for long. He advised investors to continue maintaining stock specific strategy in cash segment. In this regard, Singhvi today asked Sandeep Jain to share his top pick and TradeSwift expert replied with Ador Welding shares to buy for great returns.
Speaking on the fundamentals of Ador Welding shares, Jain told Anil Singhvi, "The company has been in business for more than 50 years and it has played an important role in the industrial development of the country. It has more than 300 distributors and has reach in more than 70 countries across the world. It Dividend Yield is 2.51 per cent."
See Zee Business Live streaming below:
Explaining the fundamentals of Ador Welding shares, Sandeep Jain said, "Last three-year CAGR (Cumulative Average Growth Rate) of the company is 17 to 18 per cent and its profit growth is also attractive. The company couldn't deliver good number in June quarter which was obvious due to the COVID-19 outbreak."
Watch full coverage in video below:
— Zee Business (@ZeeBusiness) September 17, 2020
On technical charts of Ador Welding share price, the TradeSwift expert said, "Ador Welding shares have given negative growth in the last one year and the pattern has remained same in the last three years too. It has given 1.55 per cent growth in the last ten years. So, the downside risk factor in Ador Welding shares is very low and one can buy it at current levels of Rs 275 mark for long-term."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.