In chat with Anil Singhvi, Sandeep Jain picks Ingersoll Rand; know why he is bullish on this stock
Sandeep Jain recommended Ingersoll Rand as a long term buy, calling it an excellent stock. The company manufactures air compressors. He said that even when the markets were down significantly, this stock did not go below Rs 555. This is the low in over a one-year period. The downside risks are very low, the analyst said
The fundamentals of Ingersoll Rand stock are very strong. This stock is currently trading at a PE multiple of 29-30