Stocks to buy: In a chat with Anil Singhvi, Sandeep Jain recommends Expleo Solutions today
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 Expleo Solutions Limited and here is why.
WATCH | Click on Zee Business Live TV Streaming Below:
Expleo Solutions Limited (formerly known as SQS India BFSI Limited) is part of the Expleo Group of companies, focusing exclusively on business assurance, quality assurance and software testing for the banking, insurance and financial services industries. Expleo Solutions Limited also designs and develops application software.
WATCH THE FULL COVERAGE ON THE ZEE BUSINESS BELOW:
जैन सा'ब के GEMS
— Zee Business (@ZeeBusiness) May 5, 2021
In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of Expleo Solutions, the good thing is that this company has a PE multiple of 10 at present. The return on capital employed of the company is 37-38 percent, Return on equity is 27-28 percent. In the last three years, the profit CAGR (Compound Annual Growth Rate) of the company is 18-19 percent."
"The PAT (profit after tax) of the company in 2019 December was 14 crores but in 2020 December, the PAT of the Expleo Solutions Limited was 17 crores in December 2020. The stocks of Expleo Solutions are available at corrected levels. I'm very bullish on this stock," Jain said during the show.
Expleo Solutions Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Expleo Solutions shares, Jain told Anil Singhvi, "Expleo Solutions Limited stock is currently trading around Rs 592.00 and one can target this stock at Rs 630."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.