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 Sasken Technologies Limited and here is why.

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According to Sandeep Jain, established in India since 1989, Sasken Technologies Limited (formerly Sasken Communication Technologies Limited) is a technology and service provider based in Bangalore, which provides product engineering and digital transformation services to global customers in industries such as semiconductors, automotive, enterprise grade devices, smart devices and wearables, industrials, satcom, and telecom.

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In today's episode, market analyst Sandeep Jain said: "Sasken Technologies is one of the oldest companies in India in the IT segment. The fundamentals of this company are very strong and the PE multiple of its stock is 13-14. The return on capital employed (ROCE) is around 18-19 percent. It is a zero-debt company, and the dividend yield is also around 3.5 percent. If you see the profit CAGR of the company in last five years, it has shown 32-33 percent CAGR growth."

"The company has performed extraordinarily in last few quarter results. The last year December quarter results were good. The PAT (profit after tax) of the company is 2019 December was 23 crores and in 2020 December, the PAT of the company was 34 crores. At present, Sasken Technologies 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.
Sasken Technologies: Investors Strategy

On what should be the strategy that a stock market investor can maintain in regard to Sasken Technologies Limited shares, Jain told Anil Singhvi, "Sasken Technologies Limited stock is currently trading around Rs 923.85 and one can target this stock at Rs 970-990."