Stocks to buy with Anil Singhvi: Sandeep Jain recommends Bharat Bijlee today - Big Money Tip
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 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 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 Bharat Bijlee Limited and here is why.
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Bharat Bijlee Limited is a public-listed electrical engineering company headquartered in Mumbai. Established in 1946, its primary business segments are Transformers, Projects, Electric Motors, Magnet Technology Machines, and Drives & Automation. It has a sales and service network across India and international markets.
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In today's episode, market analyst Sandeep Jain said: "The fundamentals of Bharat Bijlee are very strong. The order book position of the company was 900 crores in December 2020, now the company has a book value of 1400 rupees. If you see the profit growth of the company in last three years, it has shown the CAGR of 46 per cent and in last five years, the company has shown 26-27 per cent CAGR growth."
"The Equity Capital of the company is quite small. The DIIs have 15 percent holdings in the company. The results of the Bharat Bijlee'd December quarters have been very good. It is a very good stock. Company valuations are quite cheap. I'm very bullish on this stock," he further added.
Bharat Bijlee: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Bharat Bijlee Limited shares, Jain told Anil Singhvi, "Bharat Bijlee Limited stock is currently trading around Rs 1,136.10 and one can target this stock at Rs 1,290"
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