A SIP stock suggested by Anil Singhvi, Managing Editor at Zee Business has made investors rich by providing them huge returns.

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The Market Expert had suggested investors to invest in Jubilant Industries on April 23, 2021 and after a gap of 3.5 months, the company has given a return of 131 percent to the investors and has helped them make lot of money.

 

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Anil Singhvi had said in the month of April that the company works in four spaces including agro chemical, industrial chemical among others and the valuation of the company is also cheap.

He had said that the return on equity (ROE) is around 22-23 percent and there are very few companies whose ROE is strong.

 

Jubilant Industries is a very attractive stock which can be accumulated as a SIP stock, Anil Singhvi had said. He had also added that the shares of the company will easily reach Rs 350 mark.

And now in 3.5 months the company has almost doubled the price of its shares. Speaking on the same, the Market Expert said on August 11, 2021 that Jubilant Industry is one of the SIP stocks which has shown the best performance.

He said that the company's share was trading at around Rs 225-250 in April and has almost doubled its price in three months.

The shares of the company closed at Rs 565.05, up by 26.90 points or 5 percent on NSE on Thursday, August 12, 2021. While on the BSE the stock closed at Rs 568.35 up by 27.05 points or 5 percent.