Stocks to buy: In a chat with Anil Singhvi, Sandeep Jain recommends Monte Carlo 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 Monte Carlo Fashions Limited and here is why.
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Monte Carlo Fashions Limited is selling its apparel products under the brand name of Monte Carlo which was established in 1984 by Oswal Woollen Mills Limited and is owned by parent company Nahar Group. The company is an apparel retailer and manufacturer of woolen and cotton garments for men, women, and kids.
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In today's episode, market analyst Sandeep Jain said: "The stock of Monte Carlo Fashions Limited is available at corrected levels. If we talk about the fundamentals of Monte Carlo, the good thing is that this company has a PE multiple of 7 at present. The return on capital employed of the company is 17-18 percent, and the dividend yield of the company is around 2-2.25 percent.
"The promoters have 74 percent holding in the company. The Monte Carlo Fashions Limited has performed well in the last few quarters. I'm very bullish on this stock," Jain said during the show.
Monte Carlo Fashions Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Monte Carlo Fashions Limited shares, Jain told Anil Singhvi, "Monte Carlo Fashions Limited stock is currently trading around Rs 248.25 and one can target this stock at Rs 275-300."
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