Stocks to Buy With Anil Singhvi: Hind Rectifiers is a Jain Sahab Ke Gems today
In todays edition of Jain Sahab Ke Gems, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, revealed another great counter for investors. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Hind Rectifiers Limited and here is why.
In today's edition of ‘Jain Sahab Ke Gems’, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, revealed another great counter for investors. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Hind Rectifiers Limited and here is why.
According to Sandeep Jain, Hind Rectifiers Limited is one of the oldest companies founded in 1958. The company has long standing tradition and experience in developing, designing, manufacturing and marketing Power Semiconductor, Power Electronic Equipments and Railway Transportation Equipment.
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In today's episode, market analyst Sandeep Jain Informed: "The good thing about Hind Rectifiers is it is very old. The return on capital employed is around 21 percent, which is good. The P\E multiple of stock is also running around 29-30 per cent. It's a Rs 263 crore company and return on equity is around 21 percent. Also, the profit Compounded annual growth rate (CAGR) from last five years of the Hind Rectifiers is 48 percent. The sales growth of the company is 39 percent, which is very decent."
"Hind Rectifiers is a fundamentally good company. The company has performed brilliantly in last September quarter results. I believe it will do better in future as well. Overall, Hind Rectifiers is not just an old company but also a profit growing company," he added.
Investors Strategy for Hind Rectifiers Limited
On what should be the strategy that a stock market investor can maintain in regard to Hind Rectifiers Limited shares, Jain told Anil Singhvi, "Hind Rectifiers Limited is currently trading around Rs 156.45 and one can target this stock at Rs 190."
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