Stocks to buy with Anil Singhvi: Sandeep Jain recommends Kothari Petrochemicals today—here is why
Stocks to Buy with Anil Singhvi: In 'Jain Sahab Ke Gems' show on Friday, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, recommended another stock to investors for good returns.
Stocks to Buy with Anil Singhvi: In 'Jain Sahab Ke Gems' show on Friday, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, recommended another stock to investors for good returns. Picking Kothari Petrochemicals Limited shares, Jain said the stock has the potential to give high returns to investors.
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Kothari Petrochemicals Limited produces chemical products. The Company produces synthetic liquid polymer products for sealants, putties, adhesives, asphalt, coating, electrical insulation, film, and other industrial applications. Kothari offers its products to industries worldwide.
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"If we talk about the fundamentals of Kothari Petrochemicals, the good thing is that this company has a PE multiple of 9-10 at present. The return on capital employed of the company is 22-23 percent and Kothari Petrochemicals is now a debt-free company," said Sandeep Jain.
"The PAT (profit after tax) of the company in 2019 December was Rs 4 crore but in 2020 December, the PAT of the Kothari Petrochemicals Limited grew to Rs 8 crore. The stocks of Kothari Petrochemicals are available at corrected levels. I'm very bullish on this stock," Jain said during the show.
Kothari Petrochemicals Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Kothari Petrochemicals shares, Jain told Anil Singhvi, "Kothari Petrochemicals Limited stock is currently trading around Rs 38.75 and one can target this stock at Rs 45."
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