Stocks to buy with Anil Singhvi: Sandeep Jain recommends Siyaram Silk Mills today
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.
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 Siyaram Silk Mills Limited and here is why.
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Siyaram Silk Mills Limited also known as Siyaram's and as SSM, is an Indian blended fabric and garment manufacturer, with an associated chain of retail outlets and branded showrooms. Siyaram's was incorporated in 1978 and is headquartered in Mumbai. The Siyaram Silk Mills is engaged in manufacturing fabrics and readymade garments. The Company is engaged in the textile business.
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In today's episode, market analyst Sandeep Jain said, "The fundamentals of Siyaram Silk Mills are very strong. Both FIIs and DIIs have stakes in this company. The company has reduced its debt recently. If you see the Sales CAGR of the company in the last seven years, it has shown 7-8 per cent CAGR growth."
"The PAT (profit after tax) of the company in 2019 December was 8 crores but in 2020 December, the PAT of the company was 28 crores in December 2020. The stock of the company is available at corrected levels. At present, it is available at very good and low levels. I'm very bullish on this stock. Investors can buy this stock at the current level," Jain said during the show.
Siyaram Silk Mills Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Siyaram Silk Mills Limited shares, Jain told Anil Singhvi, "Siyaram Silk Mills Limited stock is currently trading around Rs 205.95 and one can target this stock at Rs 230-250."
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