Stocks to buy with Anil Singhvi: Kothari Sugars is Sandeep Jains recommendation today
In todays episode 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 episode 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 the potential to give high returns to investors. The stock he picked today is Kothari Sugars And Chemicals Limited and here is why.
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Kothari Sugars And Chemicals Limited is one of the earliest sugar factories to be set up in the state of Tamil Nadu and it is one of the good sugar companies in India. Kothari Sugars and Chemicals Limited manufactures sugar, molasses and industrial alcohols. The Company also manufactures polybutenes (PNCB/ONCB), nitroaromatics, nitric acids, super-phosphate chemicals and fertilizers.
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In a chat with Anil Singhvi, market analyst Sandeep Jain said during the show, "At present, the fundamentals of Kothari Sugars And Chemicals Limited are very good. The PE multiple of Kothari Sugars And Chemicals Limited stocks is 12. If you see the profit CAGR of the company in the last five years, it has shown 36-37 per cent CAGR growth. The company has also reduced its debt.
"The company has performed well in the last few quarter results. The PAT (profit after tax) of the company in 2020 December was 5.5 crores. At present, Kothari Sugars And Chemicals Limited is available at very good levels. Investors can buy this stock at these current levels," Jain said in today's episode.
Kothari Sugars And Chemicals Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Kothari Sugars And Chemicals Limited shares, Jain told Anil Singhvi, "Kothari Sugars And Chemicals Limited stock is currently trading around Rs 27.05 and one can target this stock at Rs 32."
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