Friday, January 28, 2022
Home > Stock Market > Stocks to Buy With Anil Singhvi: United Tea is top stock to bet on, says Sandeep Jain

Stocks to Buy With Anil Singhvi: United Tea is top stock to bet on, says Sandeep Jain


Top Stocks To Buy – United Nilgiri Tea Estates Company: In yet another edition of ‘GEMS by Jain Sahib’, market analyst Sandeep Jain today told Zee Business Managing Editor Anil Singhvi that he was recommending United Nilgiri Tea stock. He said that it was an excellent company.  

This stock is currently trading at around Rs 384.

​Watch Zee Business Tweet Video Below:

He said that it is very difficult to get a tea stock which has a strong balance sheet. He said that this stock is available at attractive valuations at a PE multiple of 13. The price to book value multiple is 1.13 and the OPM (Operating Profit Margins) is excellent at 27.5 per cent. The June quarter has been very good for the company. The profits have doubled in this quarter at 4.87 cr as against the corresponding period in FY20.  

It is a zero debt company which has given highest profits on TTM basis. This is a commodity stock. 

The Chairperson of this company is Mallika Srinivasan related to TVS group. 

Then company caters to bulk tea, special tea, herbal tea, organic tea. It has been in operations since 1922.  

See Zee Business Live TV Streaming Below:

He said that the expected the company to achieve a target price of Rs 425.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: