Stocks to buy with Anil Singhvi: Sandeep Jain recommends Asian Energy Services today
In today's edition 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 potential to give high returns to investors.
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 Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Asian Energy Services Limited (ASIAN) and here is the reason for it.
According to Sandeep Jain, Asian Energy Services Limited (ASIAN) formerly known as Asian Oilfield Services Limited, is one of the largest oils and gas industry service provider in India. The company offers end-to-end services which extend across the entire upstream value chain, including geophysical data acquisition, production facility EPC using the Build-Own-Operate-Transfer model Turnkey Drilling, and production facility operation and maintenance.
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In today's episode, market analyst Sandeep Jain said, " Asian Energy Services is a great company. If we talk about the fundamentals of VST Tillers Tractors, the good thing is that the PE multiple of the company's stocks is around 10 and the return on capital employed (ROCE) is around 29-30. The company has performed extraordinarily in last few quarter results."
"In last three years, the sales CAGR of the company was 30 percent and the profit CAGR was around 43 percent. It's a zero-debt company. The last year December quarter results were good. At present, Asian Energy Services 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.
Asian Energy Services: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Asian Energy Services shares, Jain told Anil Singhvi, "Asian Energy Services Limited stock is currently trading around Rs 108.00 and one can target this stock at Rs 115-125."
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