Top Stock Picks With Anil Singhvi: Amid sectoral churning of Indian indices, Zee Business has been busy identifying top stocks to buy. Keeping the drive going strongly today is analyst Sandeep Jain, who recommended R Systems as one of his top stock picks. He said that the IT stock is poised to make an upside movement and one should buy the counter for the very short-term target of Rs 130.
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Giving fundamentals of the R Systems shares, Sandeep Jain said, “R Systems is an IT company that provides services in Artificial Intelligence and Cloud Enablement, etc. The company has a market capital of Rs 1,200 crore while it exports its services in around 40 countries. It has clientele of around 160 and they are diversified in various sectors that include telecom, finance, etc.” He said that its promoters are also strong and there is no concentration of shares of any of its investors. Biggest investor of this company holds 7 per cent share in it that augurs well for the company.
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On his strategy in regard to the R Systems shares, Jain said, “IT and Pharma stocks are still performing well and having strong fundamentals of the R Systems, I suggest investors to buy the counter at current levels of Rs 115. The immediate short-term target of the IT counter is Rs 130. One should book profit at this level once the R Systems shares hit this target or come around this mark.”