Top Stock Picks With Anil Singhvi: Amid stock specific trade patterns emerging, Zee Business Managing Editor Anil Singhvi today asked Vikas Sethi to share his top stock pick with investors. The Sethi Finmart MD replied with Gulf Oil Lubricants and called it a stock to buy.
Speaking on the fundamentals of Gulf Oil Lubricants, Vikas Sethi told Anil Singhvi, “Gulf Oil Lubricants Operating Profit Margin is at an attractive 17 per cent, its Return on Equity is at 26 per cent while the debt-equity ratio of the company is at mere 0.45. In the last three years, the company has logged growth in profit at 23 per cent that reflects about the strong and bullish business of the company.”
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Sethi went on to add that Gulf Oil Lubricants is a Hinduja Group company where promoters’ share in the company is at a strong 72 per cent. The DIIs and FIIs together hold 20 per cent of the floating company’s shares. It caters to the auto, agri and industrial sector that got reflected in its last three years’ profit growth percentage.
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On his suggestion to the stock market investors, Sethi said, “My suggestion to the investors is to buy Gulf Oil Lubricants shares at current levels of Rs 725 for the immediate target of Rs 750 maintaining the stop loss at Rs 700. However, those who want to hold this stock for long, they are advised to book profit at around Rs 900 per share levels.”