In chat with Anil Singhvi, Sandeep Jain recommends Goldiam International as a stock to buy

In today's edition of ‘Jain Sahab Ke Gems’, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, revealed another great 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 Goldiam International Limited and here is why.

According to Sandeep Jain, Goldiam International Limited is one of the top Jewelry companies in India. This company is a global exporter of diamond Jewelry. Goldiam International has been in this business for the last 2 decades and since then, the company is making jewelries for big retailers. It has performed good so far.

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In today's episode, market analyst Sandeep Jain said: " The most important part of the company I feel is, Goldiam International is good fundamental company. It's a zero-debt company, return on capital employed is around 15-16 per cent, dividend deals are also around 3 percent, which is great."

"From the last three years, Goldiam International's profit compound annual growth rate (CAGR) is around 28-29 percent, which is a very positive point. I think this stock is doing good at current levels. I'll suggest investors to buy this stock," he further added.

Investors Strategy for Goldiam International Limited

On what should be the strategy that a stock market investor can maintain in regard to Goldiam International Limited shares, Jain told Anil Singhvi, "Goldiam International Limited stock is currently trading around Rs 211.85 and one can target this stock at Rs 250-260."