Stocks to buy with Anil Singhvi: Star Paper Mills is the top recommendation today by Sandeep Jain
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.
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 Star Paper Mills Limited stock, which he said has the potential to give high returns to investors. Here is why he picked this stock.
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Star Paper Mills Limited is engaged in the manufacture of paper and paper-related products. Incorporated in 1938, the company is part of Duncan Goenka Group. The company has an installed manufacturing capacity of 75,000 tonnes per annum of paper and paperboard.
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During the 'Jain Sahab Ke Gems' show, market analyst Jain said, "The fundamentals of this paper mill company are very good and it is available at a PE multiple of 10. The good thing about Star Paper Mills is, it is a zero-debt company. FIIs and DIIs have stakes in the company.
"If you see the profit CAGR of the company in last five years, it has shown 18 per cent CAGR growth. The sales CAGR of this company in last three year has been 11-12 per cent. At present, Star Paper Mills is available at low levels. I'm very bullish on this stock. Investors can buy this stock at this current level," he said.
Star Paper Mills Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Star Paper Mills Limited shares, Jain told Anil Singhvi, "Star Paper Mills Limited stock is currently trading around Rs 124.25 and one can target this stock at Rs 150-160."
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