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Home > Stock Market > Stocks To Buy With Anil Singhvi: Panasonic Carbon is top pick today for Sandeep Jain

Stocks To Buy With Anil Singhvi: Panasonic Carbon is top pick today for Sandeep Jain


Stocks To Buy With Anil Singhvi: Amid a highly volatile trade pattern, Zee Business Managing Editor Anil Singhvi has highlighting some choice picks in the mid-cap and small-cap space. The Market Guru and his panel of experts are continuously giving their stock recommendations from the small-cap and mid-cap segment and that is helping traders and investors to garner great returns on their investment. In this regard, Singhvi today asked Sandeep Jain to share his stock pick and the analyst came back with Panasonic Carbon as a stock to buy.

Speaking on Panasonic Carbon shares, Jain told Anil Singhvi, “Panasonic Carbon is India’s only carbon rod manufacturing company and its global leader in carbon rod merchandise. The fundamentals of the Panasonic Carbon is also attractive as it is currently standing at the PE multiple of 10 and the dividend yield of the Panasonic Carbon stocks is 2.62 per cent. Return on Capital (ROC) of Panasonic Carbon company is at an attractive 21 per cent.”

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When Anil Singhvi asked about his suggestion to stock market traders in regard to Panasonic Carbon shares, Sandeep Jain said, “One can buy the counter at around Rs 350 to Rs 400 levels and keep this stock for long-term for the targets of Rs 550 and Rs 600.” He advised investors to wait for some correction in Panasonic Carbon shares as it had already scaled up to Rs 450 mark in the intraday trade session. He said that Rs 350 to Rs 400 is the best range to buy Panasonic Carbon shares in long-term time horizon.

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Jain said that It’s a small-cap company and in recent times, mid-cap and small-cap companies have shown extremely volatile trends and hence it may showcase high ups and downs but one should remain focused on the major numbers of the company shares and keep the stock for long-term.


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