Stocks to buy with Anil Singhvi: In today’s episode of Jain Sahab Ke Gems, stock market analyst Sandeep Jain mentioned another stock that investors can make good profits with in an interview with Anil Singhvi, editor-in-chief of Zee Business. Today he recommended Prakash Pipes Limited.
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According to Jain, Prakash Pipes Limited is one of the largest manufacturers of high quality PVC pipes and fittings in a wide range. He said the company makes a wide range of products such as: B. agricultural pipes, column pipes, sanitary pipes, casing pipes, BWR pipes, garden pipes and associated fittings.
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Jain Saab’s jewels …
Do you know which stock Sandeep Jain picked for earnings today with attractive valuations and strong fundamentals? @AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/A5N2LZh0DE
– Zee Business (@ZeeBusiness) June 3, 2021
“The fundamentals of Prakash Pipes Limited are very strong and the PE multiple of its stock is 10-11. The return on capital employed (ROCE) is around 31 percent and the return on equity is 22 percent. Also, Prakash Pipes is a zero” – Debt company, “said the market expert.
“The company has performed extremely well over the past few quarters. The company’s PAT (earnings after tax) in March 2020 was 4 billion and the company’s PAT is 10 million in March 2021. I am very optimistic about this stock. Investors can buy this stock at this current level, “he added.
Prakash Pipes Limited: Strategy
Speaking of the strategy a stock market investor should follow in relation to Prakash Pipes Limited stock, Jain told Anil Singhvi, “Prakash Pipes Limited’s stock is currently trading at 170.45 rupees and one can target that stock at 190-200 rupees . “
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