Stocks to Buy With Anil Singhvi: Anup Engineering is a top pick for Sandeep Jain today
In todays edition of Jain Sahab 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 edition of 'Jain Sahab 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 great potential to give high returns to investors. The stock he picked today is Anup Engineering Limited (TAEL) and here is why.
According to Sandeep Jain, Anup Engineering Limited is a subsidiary of Arvind Limited and a part of the Indian conglomerate- Lalbhai Group. The company is operating in Engineering sector. Anup Engineering manufactures heat exchangers, pressure vessels, columns, towers, centrifuges, and dished ends. It serves refinery, petrochemical, fertilizer, power, research, and pharmaceutical industries in the country.
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In today's episode, market analyst Sandeep Jain informed: "The fundaments of Anup Engineering Limited are excellent. It's a zero-debt company. Another the good thing about the company is its PE multiple is just 18, return on capital employed is around 20-21 percent, dividend yield is nearly 1.5 percent and the price to go value multiple is also cheap. The net profit margin of the company is also very impressive."
"If we see the shareholdings of the promoters in this company, the FIIS and DIIs have strong confidence in the company. The company has performed very well in the last few quarters. according to me, it's a safe stock, excellent stock segment and it is available at very good levels. I'm very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future," he further added.
Anup Engineering Limited Stock: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Anup Engineering shares, Jain told Anil Singhvi, "Anup Engineering Limited stock is currently trading around Rs 649.00 and one can target this stock at Rs 720-750."
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