Stocks to Buy With Anil Singhvi: Gujarat Pipavav is a top pick for Sandeep Jain today | Money making tips
In todays edition of Jain Sahab Ke Gems show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, named another stock for investors to make good gains from.
Stocks to Buy With Anil Singhvi: In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has great potential to give high returns to investors. The stock he picked today is Gujarat Pipavav Port Limited (GPPL) and here is why.
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According to Sandeep Jain, Gujarat Pipavav Port Limited is India's first port in the private sector. It is a port on the West Coast of India for containers, bulk and liquid cargo. Its lead promoter is APM Terminals, one of the largest container terminal operators in the world. The services include pilotage/towage, cargo handling and logistics support.
In today's episode, market analyst Sandeep Jain said: "The fundaments of Gujarat Pipavav Port Limited are excellent. The logistics segment will surely do good in upcoming days, Indian Government is also focusing on this segment, which will be beneficial for companies like GPPL. The most satisfying thing about the company is its dividend yield, which is only 5.85 percent."
"Also, Gujarat Pipavav Port Limited is a zero-debt company, return on capital employed is 17-19 percent. Company's CAGR growth in last even years is 21 percent. The company has 20 percent stakes by FIIs, 26 percent DIIs and 44 percent from promoters. According to me, it's a safe stock, excellent stock segment and it is available at very good levels. I'm very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future," he further added.
Gujarat Pipavav Port Limited Stock: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Gujarat Pipavav Port Limited shares, Jain told Anil Singhvi, "Gujarat Pipavav Port Limited stock is currently trading around Rs 98.40 and one can target this stock at Rs 130."
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