Stocks to Buy: In chat with Anil Singhvi, Sandeep Jain recommends Kewal Kiran Clothing 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 Kewal Kiran Clothing Limited (KKCL) and here is why.
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Kewal Kiran Clothing Limited (KKCL) is one of India's largest branded apparel manufacturers, engaged in the designing, manufacturing, and marketing of branded jeans and a wide range of western wear, since 1992. The company designs manufacture and markets branded jeans semi-formal and casual wear for men and women.
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In today's episode, market analyst Sandeep Jain said: " The most interesting thing about Kewal Kiran Clothing Limited is its stock is available at corrected levels. If we talk about the fundamentals of KKCL, the return on capital employed of the company is around 20 percent and the dividend yield is around 5-5.25 percent."
"Also, Kewal Kiran Clothing Limited is almost a debt-free company. Promoters have 74 percent holding in the company. FIIs and DIIs have 9.5 percent stakes in the company. The stock of the company is available at good levels. I'm very bullish on this stock," Jain said during the show.
Kewal Kiran Clothing Limited (KKCL): Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Kewal Kiran Clothing Limited (KKCL) Limited shares, Jain told Anil Singhvi, "Kewal Kiran Clothing Limited stock is currently trading around Rs 897.10 and one can target this stock at Rs 950-1000."
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