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Home > Stock Market > Hot Stocks To Buy With Anil Singhvi: Infobeans Technologies is top pick for great returns, says Sandeep Jain

Hot Stocks To Buy With Anil Singhvi: Infobeans Technologies is top pick for great returns, says Sandeep Jain


Hot Stock Pick With Anil Singhvi: Amid sharp rise in the Indian indices in the opening bell today after the joint statement by India and China to ease border tension, Zee Business Managing Editor Anil Singhvi has advised investors to continue maintaining stock specific trade. In this regard he asked Sandeep Jain to share his top stock pick of the day and the TradeSwift expert replied with Infobeans shares to buy.

Speaking on the fundamentals of Infobeans Technologies, Sandeep Jain told Anil Singhvi, “Company’s ROC is at 17-18 per cent while it stands at the PE multiple of 13. Its dividend yield is at 8.76 per cent and promoters holding in the company is at robust 75 per cent. Its last five years profit and sales growth in CAGR terms is 30 per cent.”

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Jain went on to add that Infobeans Tech is an IT company that caters to Fortune 500 companies. It deals in Digital Transformation and it has market equity of Rs 24 crore. However, the market capital of the company is at Rs 330 crore. In July 2015, the company shifted from the SME segment to main segment of the IT company. Jain said that the company has managed to give attractive numbers in the June results and now big investors are looking at the company for investment.

Wall full coverage in video below:

On his suggestion to the stock market investors, Sandeep Jain said, “One can buy Infobeans shares at current Rs 140 per stock mark for the target of Rs 200.” he said that if someone holds it for around one year’s long-term, it can turn out as a multibagger stock as well.





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