Stocks to buy with Anil Singhvi: Sandeep Jain recommends VST Tillers Tractors today
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.
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 VST Tillers Tractors Limited and here is why.
According to Sandeep Jain, VST Tillers Tractors is one of the famous manufacturers of agricultural multipurpose power tillers and tractors in India. It was established in the year 1967 by the VST Group of companies, a well-known century old business house in South India. The Company also manufactures and promotes products for Mitsubishi Group, Japan. At present, the company is performing very well in the market.
WATCH FULL COVERAGE ON ZEE BUSINESS BELOW:
— Zee Business (@ZeeBusiness) March 4, 2021
In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of VST Tillers Tractors, the good thing is that the PE multiple of the company is 21. The dividend yield of the company is around one percent and FIIs and DIIs have increased stake in the company. The company has performed extraordinarily in last few quarters. The PAT (profit-after-tax) in last few quarter results were impressive."
"VST Tillers Tractors is a debt free company with very low equity, and it 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.
VST Tillers Tractors: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to VST Tillers Tractors shares, Jain told Anil Singhvi, "VST Tillers Tractors Limited stock is currently trading around Rs 1,959.10 and one can target this stock at Rs 2,300."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.