Stocks to Buy With Anil Singhvi: Thirumalai Chemicals is a top Sandeep Jain pick today
In today's edition 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.
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 and Market Guru 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 Thirumalai Chemicals Limited and here is why.
According to Sandeep Jain, Thirumalai Chemicals Limited is one of the oldest chemical companies in the country. They have have expanded to 15 products that are exported to 34 countries. Thirumalai Chemicals Ltd makes phthalic anhydride, maleic anhydride and chemicals from waste gases of phthalic anhydride. The company's other products include fumaric acid, malic acid, etc. Also, the chemical segment are doing good in the market.
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In today's episode, market analyst Sandeep Jain said: "The fundamentals of Thirumalai Chemicals are very good. The company has performed well in December quarter. The PAT (profit after tax) of Thirumalai Chemicals was Rs 37 crores, which is impressive. It's almost a zero-debt company. The chemical sector is doing good in market and in near future it will bring to returns to the investors."
"Overall, the stock of Thirumalai Chemicals 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.
Thirumalai Chemicals Stock: Strategy
On what should be the strategy that a stock market investor can maintain in regard to Thirumalai Chemicals shares, Jain told Anil Singhvi, "Thirumalai Chemicals Limited stock is currently trading around Rs 99.50 and one can target this stock at Rs 120-130."
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