Stocks to buy with Anil Singhvi: Star Cement is Sandeep Jains recommendation today
In todays episode of Jain Sahab Ke Gems show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, named another stock for investors to make good gains from. The stock he picked today is Star Cement Limited and here is why.
Stocks to Buy with Anil Singhvi: In today's episode of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor and Market Guru Anil Singhvi, named another stock for investors to make good gains from. The stock he picked today is Star Cement Limited and here is why.
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Star Cement Limited is the largest cement manufacturer in northeast India. The company manufactures construction materials. Star Cement Limited produces and markets cement and concrete products and it serves high-end customers in India. According to the company, Star Cement Limited is one of the most profitable cement manufacturers in northeast India.
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In a chat with Anil Singhvi, market analyst Sandeep Jain said during the show, "At present, the fundamentals of Star Cement Limited are very good. The return on a capital employed (ROCE) of the company is 20-21 per cent. If you see the profit CAGR of the company in the last five years, it has shown 14 per cent CAGR growth. The amazing factor the Star Cement is, it is a zero-debt company."
Star Cement Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Star Cement Limited shares, Jain told Anil Singhvi, "Star Cement Limited stock is currently trading around Rs 100.35 and one can target this stock at Rs 110-115."
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