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Top Stock Picks With Anil Singhvi: 4 reasons why Market Guru recommended CESC Ventures as a stock to buy

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Top Stock Picks With Anil Singhvi: Stock market traders and investors always look for ‘Too Yumm’ shares to buy and garner massive returns at a rapid speed. Zee Business Managing Editor Anil Singhvi today revealed one such stock, calling it a stock to buy. This is CESC Ventures and the recommendation is to buy the stock at current levels. Dubbing CESC Ventures a potential multibagger stock, the Market Guru said that the company has five subsidiary companies that deal in power, IT solutions, real estate and FMCG sectors. Its diversified business model is making this a stock to buy today, he said.

Speaking on the CESC Ventures shares, Anil Singhvi said, “CESC Ventures shares are available at an attractive valuation as the market capital of the company is around Rs 678 crore while if we look at the actual worth of the company it stands around Rs 6,000 crore as it has fixed income of around Rs 1500 crore from its subsidiaries and some other sources. So, even if we discount its market value by 60-70 per cent, the company’s worth stands at around Rs 2,000 crore. That means, the company has the potential to grow at least three times from its current market value.”

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The Market Guru further said that the company’s five subsidiaries are growing at 15-20 per cent per month, which reflects its potential growth in coming times, even when its own business is idle.

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Branding the CESC Ventures share as a potential multibagger stock, Singhvi said, “It’s ‘Too yumm’ a brand and the stock will grow in sync with the company. If the company has potential to grow three times from now onward, it’s for sure that its stock will also grow in tandem. So, in coming times, the stock is going to emerge as a multibagger stock and hence I recommend stock market investors to buy CESC Ventures shares at current share price of Rs 275 for long-term.



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