Top Stock Picks With Anil Singhvi: Zee Business Managing Editor Anil Singhvi has been batting strongly in favour of small and mid-cap stocks and the trend has become stronger after SEBI’s decision on multi-cap mutual funds exposure in small and mid-cap stocks. The Market Guru today asked Sandeep Jain to share his top stock to buy today and the TradeSwift expert replied with Podddar Pigments.
Speaking on the fundamentals of Podddar Pigments shares, Sandeep Jain told Anil Singhvi, “Podddar Pigments has market capital of Rs 200 crore and in June quarter it has reported Rs 1.62 crore profit against Rs 4.77 crore profit in June 2019. It’s last year profit in CAGR terms stands around 5 to 6 per cent which is huge. It’s a zero-debt company whose balance sheet looks good.” He said that the dividend yield of the company is also attractive.
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On technical analysis of Podddar Pigments share price, Jain said, “Book value of Podddar Pigments shares is 177 which is attractive if we compare it with the current Podddar Pigments share price of Rs 205 per stock levels. Both DIIs and FIIs have invested in the company and CRISIL has given A rating to the company in long-term while for the short-term, company’s CRISIL rating is A1.”
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On his suggestion to the stock market investors in regard to the Podddar Pigments shares, the TradeSwift expert said, “In my opinion, one can buy the Podddar Pigments shares at current levels for the target of Rs 225 and Rs 250.”