Stocks to buy: In a chat with Anil Singhvi, Sandeep Jain recommends Andhra Paper today
Stocks to Buy With Anil Singhvi: In today's episode of 'Jain Saab 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 episode of 'Jain Saab 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 the potential to give high returns to investors. The stock he picked today is Andhra Paper Limited and here is why.
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Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India. Established in 1964, the company produces writing, printing, and copier papers for foreign and domestic markets. Their production facilities at Rajahmundry and Kadiyam have a total production capacity of 240,000 TPA.
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बेहतरीन क्वालिटी कंपनी: Andhra Paper Ltd
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In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of Andhra Paper Limited, the good thing is that this company has a PE multiple of 15 at present. The return on capital employed of the company is 27-28 percent, Return on equity is 24-25 percent. In the last three years, the profit CAGR (Compound Annual Growth Rate) of the company was 59 percent and in the last five years, the profit CAGR was 117 percent.
Also, Andhra Paper Limited is a zero-debt company and both FIIs and DIIs have stakes in the company. The stock of Andhra Papers is available at corrected levels. I'm very bullish on this stock," Jain said during the show.
Andhra Paper Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Andhra Paper Limited shares, Jain told Anil Singhvi, "Andhra Paper Limited stock is currently trading around Rs 242.40 and one can target this stock at Rs 270."
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