Stocks to buy with Anil Singhvi: ESAB India is the top pick for Sandeep Jain today
In today's episode of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor 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 Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor 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 ESAB India Limited and here is why.
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ESAB India Limited is the largest manufacturer of standard welding equipment, consumables, and automation equipment, as well as cutting machines and systems. The company is engaged in the business of welding consumables which includes welding electrodes copper coated wires and welding fluxes and welding equipment which includes welding machines and cutting equipment.
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In today's episode, market analyst Sandeep Jain said, "The fundamentals of ESAB India are very strong and available at corrected levels. The dividend yield of the company is 3.75. If you see the profit CAGR of the company in the last 5 years, it has shown 17-18 per cent CAGR growth and in the last three years, the company has shown 32 per cent profit CAGR growth.
ESAB India Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to ESAB India Limited shares, Jain told Anil Singhvi, "ESAB India Limited stock is currently trading around Rs 1,879.30 and one can target this stock at Rs 2070-2100."
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