Stocks to buy with Anil Singhvi: Sandeep Jain recommends Gulf Oil Lubricants India today
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 Gulf Oil Lubricants India Limited (GOLIL) and here is why.
According to Sandeep Jain, Gulf Oil Lubricants, which is part of the Hinduja Group, is an established player. Gulf Oil India is a leading lubricant manufacturing and marketing company in India. Present since the 1920s, Gulf Oil Lubricants India Ltd. manufactures and markets lubricating oils and greases for distribution throughout India. The company supplies its lubricants to automobile and tractor manufacturers in India and also manufacturers lubricant application solutions.
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In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of Gulf Oil Lubricants India, the good thing is that the stocks of this company are trading at the PE multiple of 21. In last three years, company's growth CAGR is around 20-21 percent, the Return on Capital Employed is around 28-29 percent, ROE is around 30 percent and the dividend yield of the company is 1.84. Promoters' holdings are 72 percent . FIIs and DIIs have 17-18 percent stakes in the company."
"The PAT (profit after tax) of Gulf Oil Lubricants in 2019 December quarter results was 56 crores and in 2020 December quarter results the company's PAT was 64 crores. Gulf Oil Lubricants India 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.
Gulf Oil Lubricants India Stock: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Gulf Oil Lubricants India shares, Jain told Anil Singhvi, "Gulf Oil Lubricants India stock is currently trading around Rs 776.55 and one can target this stock at Rs 850.
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