Stocks to buy with Anil Singhvi: Borosil Renewables is a top Sandeep Jain recommendation 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. Today, he has recommended a stock that he said has the potential to give high returns to investors.
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 Borosil Renewables Limited and here is why.
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Borosil Renewables Limited manufactures glass products. The company offers industrial, pharmaceutical, and volumetric glassware products. Borosil Renewables offers bottles, burette, pipettes, flasks, condensers, ground joints, extractors, and other related products. Borosil Renewables Limited is the first and only solar glass manufacturer in India.
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In today's episode, market analyst Sandeep Jain said, "The fundamentals of Borosil Renewables Limited are very strong and available at a good level. The return on capital employed (ROCE) of the company is 30 percent. If you see the profit CAGR of the company in the last three-four years, it has shown 28 percent CAGR growth, the company has shown 19-20 percent sales CAGR as well.
"Borosil Renewables Limited a debt-free company. The PAT (profit after tax) of the company in 2020 March was 4 crores but in 2021 March, the PAT of the company was 67 crores. Both FIIs and DIIs have 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.
Borosil Renewables Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Borosil Renewables Limited shares, Jain told Anil Singhvi, "Borosil Renewables Limited stock is currently trading around Rs 277.50 and one can target this stock at Rs 330."
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