Stocks To Buy Today: Amid extremely volatile stock markets, Zee Business Managing Editor Anil Singhvi has been quite pro-active in recommending a stock specific trade strategy. In this regard, the Market Guru today asked his expert panel member Sandeep Jain to share his top stock pick and Jain replied with Kirloskar Pneumatic, saying it was a share to buy for great returns. He said that company has attractive valuation and the downside risk is very low in the stock.
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Speaking on his pick of the day, Sandeep Jain said, “Today’s pick is Kirloskar Pneumatic share. The Kirloskar Pneumatic share price has gone down around 35 per cent in the last one month and that means the downside risk in the counter is very low now. Its fundamentals are also very strong as the company’s PE multiple currently stands at around 12-13 per cent, it’s last five years CAGR (cumulative Average Growth Rate) sales growth is 13-14 per cent. The company has given attractive dividend yield as well. Its market capital is around Rs 680-690 crore.”
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On his suggestion to the traders in regard to the Kirloskar Pneumatic share price, Jain said, “My advice to the traders is to buy Kirloskar Pneumatic shares at current market price of Rs 126. the Kirloskar Pneumatic share is expected to move upside up to Rs 135 to Rs 140 per stock levels. Those who are buying this stock should book profit at these levels considering Rs 135 to 140 as immediate target range.”